Supplemental Agreement On Admission Cum Retirement of

Supplemental Agreement on Admission Cum Resignation of
Partner as supplement to the Original LLP Agreement
This Supplemental LIMITED LIABILITY PARTNERSHIP Agreement is dated……………………..at

New Delhi between ASHPAY INDIA TECHNOLOGIES LLP AND
Existing Designated Partners:
1. Reena Aggarwal D/o Krishan Lal Taneja R/o Flat No. 3701 Ashoka Enclave, Sec-11, Plot 8A,
Dwarka, New Delhi, 110075 having DPIN No. 09199861
2. Chaitali Aggarwal D/o Neeraj Aggarwal R/o Flat No. 3701 Ashoka Enclave, Sec-11, Plot 8A,
Dwarka, New Delhi, 110075 having DPIN No 09190678
which expression shall, unless it be repugnant to the subject or context thereof, include their legal heirs,
successors, nominees and permitted assigns; (hereinafter referred to as “Existing Designated Partners”)
Outgoing Designated Partner
3. Neeraj Aggarwal, S/o Sh. Ashok Kumar R/o Flat No. 3701 Ashoka Enclave, Sec-11, Plot 8A,
Dwarka, New Delhi, 110075 resigning from Designated Partner vide resignation letter dated 19 th May,
2022 W.e.f. 15th July, 2022
WHEREAS
The existing Designated Partners and Outgoing Designated Partner of Ashpay India Technologies LLP
(hereinafter called LLP) mutually decided to amend the LLP Original Agreement dated 12 th June, 2021.
(hereinafter called LLP Original Agreement)
The Outgoing Partner expressed his unwillingness to continue as designated partner dated 14 th June, 2022,
in the LLP and ceased to be designated partner in the LLP w.e.f 15 th July, 2022. The existing Partner have
unanimously accepted the notice & pass the necessary resolution in the meeting held on 15 th July, 2022
NOW IT IS HEREBY AGREED by and among Designated Partners (existing Designated partners
and Outgoing Designated Partner) as follows
1. The Agreement is supplemental to LLP Original Agreement and made between the partners of the
LLP on the terms of which the mutual rights and duties of the partners and their rights and duties
in relation to the LLP is determined.
2. Partners of the LLP unanimously consent to the conveyance, transfer, and assignment of the LLP
Partnership Interest by outgoing partner to the Existing Partner and agree, to the extent assigned,
the rights and the powers of a partner, subject to the restrictions and liabilities of a Partner
3. A copy of the LLP Agreement (Original LLP Agreement) dated 12 th June, 2021 and this
Supplement Agreement dated mentioned above that are currently in full force acknowledges to
and with the LLP and Existing partners that Outgoing Partner;
a. has been provided with a copy of the LLP Agreement,

b. has been given an adequate amount of time to review the LLP Agreement,
c. has read the LLP Agreement and understands that and all of its terms and conditions
d. knowingly and voluntarily executed this Agreement; and
e. agrees to ceased be a Partner and Designated Partner of the LLP and be bound by
all the terms and conditions of the LLP Agreement,
4. The existing Partners shall prepare a statement of account stating outgoing Partner’s share of
profit or loss for the period from 1 st April, 2022 till 15th July, 2022. Such share of the capital and
all unpaid interest and profits due to outgoing Partner as determined by the Statement of Account
as on 15th July, 2022 shall be paid off at the earliest or as may be decided by the Designated
Partners..
.
5. With effect from 15th July, 2022, following clauses shall be substituted in the said LLP Original
Agreement thereby fixed with such modification as are hereinafter contained
.
The LLP agreement shall be amended as follows:
1. Sub-Clause 4 of the LLP agreement is substituted with following Sub-Clause 4
4 (1) PARTNERS AND DESIGNATED PARTNERS

The following Partners will be the Designated Partners
1. Mrs. Reena Aggarwal
2. Ms. Chaitali Aggarwal
4 (2). LLP’s CAPITAL AND PARTNERS’ CONTRIBUTION

a. The capital of the LLP is Rs. 100000 (One Lacs only) which is being held
by the Designated Partners in the following proportion
S.NO Name of Partner Amount Of Contribution

1. Reena Aggarwal 45000
2. Chaitali Aggarwal 55000
b. The further Contribution if any required by the LLP shall be brought by the
partners in their profit sharing ratio or as may be mutually decided by
all partners.
c. The Contribution of the partner may be tangible, intangible, Moveable or

immoveable property.
d. Each Partner’s contribution to, or withdrawal from, share of profit / Loss of the LLP
shall be respectively credited to or debited to the partner’s capital account or the current
account as the case may be.
2. Sub Clause 8 of the LLP agreement is substituted with following Sub Clause 8
8. Profit Sharing ratio
The profits and losses of the LLP as determined in each financial year and audited shall be
divided and borne and paid by the Partners in the following proportion:
1. Reena Aggarwal 45%
2. Chaitali Aggarwal 55%
The LLP Original Agreement shall as from the date hereof be deemed to have been modified
to give effect to this Agreement and subject to such modifications shall remain in full force
and effect.
IN WITNESS WHEREOF THIS SUPPLEMENTAL AGREEMENT IS SIGNED BY THE

PARTIES HERETO
Signed and delivered by the
For and on behalf of
FOR ASHPAY INDIA TECHNOLOGIES LLP
REENA AGGARWAL (Existing Designated Partner)

Designated Director
DIN: 09199861
CHAITALI AGGARWAL (Existing Designated Partner)

Designated Partner
DPIN: 09190678
NEERAJ AGGARWAL (Resigning Designated Partner)

Designated Partner
DPIN: 01844787
Witness to above signature:
Name:
Address:
Name:
Address:

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Supplemental Agreement on Admission Cum Resignation of

Partner as supplement to the Original LLP Agreement

This Supplemental LIMITED LIABILITY PARTNERSHIP Agreement is dated……………………..at

Existing Designated Partners:

Outgoing Designated Partner

a. has been provided with a copy of the LLP Agreement,

1. Sub-Clause 4 of the LLP agreement is substituted with following Sub-Clause 4

4 (1) PARTNERS AND DESIGNATED PARTNERS

4 (2). LLP’s CAPITAL AND PARTNERS’ CONTRIBUTION

S.NO Name of Partner Amount Of Contribution

c. The Contribution of the partner may be tangible, intangible, Moveable or

IN WITNESS WHEREOF THIS SUPPLEMENTAL AGREEMENT IS SIGNED BY THE

REENA AGGARWAL (Existing Designated Partner)

CHAITALI AGGARWAL (Existing Designated Partner)

NEERAJ AGGARWAL (Resigning Designated Partner)

Witness to above signature:

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