In the LLP Agreement of an LLP, it is mentioned:
The initial contribution of the LLP shall be Rs. 1,00,000 (Rupees One Lakh only) which shall be contributed by the partners in the following proportions :
First Party : Rs. 50,000.
Second Party : Rs. 50,000.
But the actual initial contribution of the partners are:
First Party : Rs. 80,000.
Second Party : Rs. 20,000.
Is there any need to file Form-3 or ammend the LLP Agreement in this case? Is there will be any penalty?
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