Dear Learned Members,
A LLP incorporated in October 2020, has not yet executed the LLP agreement.
1. Is it mandatory to execute agreement within 30 days of incorporation because LLP Form 3 is required to be filed within 30 days?
2. Or it can be executed after 30 days taking refuge of applicability of Schedule I till the date (whatever it may be) of execution of agreement?
Please note LLP Form 3 is anyhow required to be filed. Is it better to execute back dated agreement of November 2020 or current date agreement will do? (LLP is ready to pay penalty of LLP Form 3) .
Please guide.