Statutory Timeline

• The LLP Agreement must be filed within 30 days from the date of incorporation
  
• This timeline is mandated by the Limited Liability Partnership Act, 2008
  
• The countdown begins from the date mentioned on the Certificate of Incorporation
  
• Delayed filing leads to additional fees and compliance issues
  
• Timely filing ensures the LLP’s internal structure is legally recognized
  

Filing Method

• The agreement is filed electronically using Form 3 on the MCA portal
  
• A Digital Signature Certificate (DSC) of a designated partner is required
  
• The agreement must be duly signed, stamped, and scanned before uploading
  
• All required fields must be filled accurately to avoid rejection
  
• Filing is completed after payment of the prescribed fees
  

Legal Significance

• Filing validates the mutual agreement among partners and legalizes its terms
  
• Without timely filing, the LLP is governed by default provisions under the LLP Act
  
• The agreement defines operational, financial, and governance rules
  
• It safeguards the interests of partners and helps prevent disputes
  
• Filed agreements become part of the official records maintained by the Registrar
  

Consequences of Delay

• Filing after 30 days attracts late filing fees per day of delay
  
• Continuous delay may result in notices or penalties from the Registrar of Companies
  
• Failure to file may affect the LLP’s legal standing or contract enforcement
  
• Amendments to late-filed agreements may also face scrutiny
  
• Prolonged non-compliance can lead to further regulatory complications
  

Best Practices

• Prepare and execute the agreement immediately after incorporation
  
• Arrange for stamp paper and signatures in advance to avoid delays
  
• Review the agreement carefully before submission
  
• Ensure that all clauses comply with the LLP Act and state stamp laws
  
• Maintain a signed physical copy for internal and legal reference