Actual initial contribution is not same as mentioned in LLP Agreement

Amlan Ranjan Dutta (Business) (103 Points)

24 May 2021  

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?