Multi Member Managed LLC Operating Agreement Template for India

1. Non-Compete and Confidentiality: Restrictions on competition and protection of confidential information, used when specific business protection is needed

2. Intellectual Property Rights: Ownership and management of IP, important for technology or creative businesses

3. Foreign Investment Provisions: Special provisions for foreign members, required when foreign investment is involved

4. Insurance Requirements: Mandatory insurance coverage, important for high-risk businesses

5. Employee Management: Guidelines for hiring and managing employees, useful for larger operations

6. Banking Operations: Procedures for banking and financial operations, important for businesses with complex financial operations

7. Succession Planning: Procedures for succession in case of death or incapacity of members

8. Environmental Compliance: Environmental responsibilities, important for manufacturing or industrial businesses

9. Technology Usage Policy: Rules for use of company technology and digital assets

1. Schedule A - Member Information: Detailed information about each member including contact details and initial capital contributions

2. Schedule B - Capital Contributions: Detailed breakdown of all capital contributions, including valuations of non-cash contributions

3. Schedule C - Profit Sharing Ratios: Detailed allocation of profit and loss sharing among members

4. Schedule D - Asset Register: List of LLC's assets and their current valuations

5. Schedule E - Business Plan: Initial business plan and strategic objectives

6. Appendix 1 - Voting Procedures: Detailed procedures for different types of votes and required majorities

7. Appendix 2 - Meeting Procedures: Detailed procedures for calling and conducting meetings

8. Appendix 3 - Valuation Methods: Agreed methods for valuing membership interests

9. Appendix 4 - Compliance Checklist: List of regulatory compliance requirements and deadlines