Limited Liability Partnerships must identify and report individuals with 10%+ indirect or direct ownership or significant influence as SBOs.
The Rules require reporting limited liability partnerships to identify and obtain declarations from any individual who, alone or with others or through persons or trusts, holds indirectly or together with direct holdings at least ten per cent of contribution, voting rights, distributable profits or otherwise exercises significant influence or control as a Significant Beneficial Owner. Reporting LLPs must maintain a register of SBOs, file returns with the Registrar, serve prescribed notices to partners, and may apply to the Tribunal for restrictions where information is not provided or is unsatisfactory.

Limited Liability Partnership rules require registers of partners, declarations of beneficial interest, and a responsible designated partner.
The amendment mandates each LLP to maintain a Register of Partners in Form 4A recording partner particulars and detailed contribution information; requires registered partners and beneficial owners to file declarations of beneficial interest in Forms 4B and 4C within thirty days of entry or acquisition, with the LLP to record such declarations and file Form 4D with the Registrar within thirty days; and designates a partner responsible for providing information on beneficial interests to the Registrar, with specified timelines for entries and rectifications.

Limited Liability Partnership rules updated: Form 3 and Form 4 substituted to govern LLP agreement disclosures and partner notices.
The 2023 amendment substitutes revised Form 3 and Form 4 in the Limited Liability Partnership Rules, 2009. Form 3 prescribes disclosures for the initial LLP agreement and all subsequent amendments, covering LLP identification, agreement particulars, business activities, partners' contributions and profit sharing, management, restrictions, dispute resolution, duration and winding up, amendment details and required attachments and certifications. Form 4 prescribes notices of appointment, cessation and changes of partners or designated partners, consent to act, detailed partner and corporate nominee particulars, supporting proofs and professional certification.

Limited Liability Partnership Form No.3 now requires detailed LLP agreement information and disclosure of any agreement changes.
The Central Government substitutes LLP Form No. 3 (pursuant to rule 21(1)) to require filing either initial LLP Agreement information or any changes, including LLP identity; agreement place and dates; business activities; partner contributions and profit sharing; total partners and designated partners; rights, duties, restrictions, management and meeting procedures; indemnity and clauses on admission, retirement, cessation, expulsion, resignation; dispute resolution; duration and winding up; amendment dates and SRNs; changed business activity details; attachments of agreements; designated partner declaration; and professional certification.