All Countries
Risk Management
Restated Operating Agreement

Restated Operating Agreement Template for India

Create a bespoke document in minutes,  or upload and review your own.

4.6 / 5
4.8 / 5

Let's create your Restated Operating Agreement

Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.

Get your first 2 documents free

Your data doesn't train Genie's AI

You keep IP ownership of your information

Key Requirements PROMPT example:

Restated Operating Agreement

"I need a Restated Operating Agreement for my technology startup based in Bangalore, as we're bringing in new Series A investors in March 2025 and need to consolidate our previous operating agreement amendments while adding new provisions for investor rights and employee stock options."

Celebrated by
Collaborations with
Investors
Document background
The Restated Operating Agreement is utilized when a company needs to consolidate multiple amendments to its original operating agreement or require substantial updates to reflect current operations and relationships between members. This document is particularly relevant in the Indian business context where companies have undergone significant changes in ownership, structure, or operations over time. It comprehensively addresses aspects such as management rights, capital contributions, profit sharing, transfer restrictions, and governance mechanisms while ensuring compliance with Indian corporate law, including the Companies Act, 2013, and related regulations. The Restated Operating Agreement serves as a fresh starting point for the company's governance, replacing previous versions while maintaining legal continuity.
Suggested Sections

1. Parties: Identification of all members/parties to the agreement

2. Background: Context of the restatement, history of previous operating agreement(s), and purpose of the company

3. Definitions and Interpretation: Definitions of key terms and interpretation rules for the agreement

4. Company Formation and Purpose: Details of company formation, registration, and primary business objectives

5. Capital Contributions: Initial and subsequent capital contributions, capital accounts management

6. Membership Interests: Classes of membership, ownership percentages, and rights attached to membership interests

7. Management Structure: Management composition, appointment process, powers, and responsibilities

8. Meetings and Voting: Procedures for member and management meetings, voting rights and requirements

9. Financial Affairs: Fiscal year, accounting methods, banking, financial statements, and records

10. Distributions: Profit distribution policy, procedure, and restrictions

11. Transfer of Interests: Rules and restrictions on transferring membership interests

12. Exit Provisions: Member withdrawal, retirement, death, or removal procedures

13. Dissolution and Winding Up: Circumstances and procedures for company dissolution

14. Confidentiality: Protection of company and member confidential information

15. Governing Law and Dispute Resolution: Applicable law and dispute resolution mechanisms

Optional Sections

1. Special Purpose Vehicle Provisions: Include when the company is formed as an SPV for specific projects

2. Foreign Investment Provisions: Required when there are foreign investors or cross-border operations

3. Tag-Along and Drag-Along Rights: Include for companies with potential future sale or IPO plans

4. Anti-Dilution Protection: Important for companies expecting future investment rounds

5. Special Voting Rights: When certain members need special voting or veto rights

6. Employee Ownership Program: For companies planning to offer ownership to employees

7. Intellectual Property Rights: Essential for technology or IP-intensive businesses

8. Non-Compete and Non-Solicitation: Include when protecting business interests from member competition

Suggested Schedules

1. Schedule 1 - Member Information: Detailed information about members, including contact details and initial capital contributions

2. Schedule 2 - Initial Capital Structure: Detailed breakdown of initial capital structure and ownership percentages

3. Schedule 3 - Business Plan: Initial business plan and operational objectives

4. Schedule 4 - Management Structure: Detailed management structure, roles, and responsibilities

5. Schedule 5 - Reserved Matters: List of decisions requiring special approval

6. Schedule 6 - Valuation Methodology: Agreed methods for valuing membership interests

7. Appendix A - Form of Transfer Notice: Standard form for notifying transfer of membership interests

8. Appendix B - Deed of Adherence: Template for new members joining the agreement

Authors

Alex Denne

Head of Growth (Open Source Law) @ Genie AI | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Linkedin in social icon imageX social icon image
alex.den.21@genieai.co
Relevant legal definitions
Act
Affiliate
Agreement
Applicable Law
Articles of Association
Authorized Representative
Board
Business
Business Day
Business Plan
Capital Account
Capital Contribution
Company
Company Secretary
Confidential Information
Control
Deed of Adherence
Directors
Distributable Profits
Effective Date
Encumbrance
Financial Year
Founding Members
General Meeting
Governing Law
Initial Capital Contribution
Intellectual Property Rights
Managing Director
Material Breach
Member
Membership Interest
Original Operating Agreement
Ownership Percentage
Party/Parties
Person
Profits and Losses
Related Party
Reserved Matters
Resolution
Restated Operating Agreement
SEBI
Share
Special Resolution
Transfer
Transferee
Transferor
Valuation
Voting Rights
Clauses
Company Formation
Purpose and Scope
Capital Contribution
Membership Interests
Management Rights
Voting Rights
Financial Management
Profit Distribution
Transfer Restrictions
Right of First Refusal
Tag-Along Rights
Drag-Along Rights
Exit Rights
Confidentiality
Non-Compete
Non-Solicitation
Intellectual Property
Reserved Matters
Meeting Procedures
Decision Making
Deadlock Resolution
Default
Termination
Dissolution
Winding Up
Dispute Resolution
Governing Law
Force Majeure
Indemnification
Representations and Warranties
Assignment
Notices
Amendment
Severability
Entire Agreement
Further Assurance
Relevant Industries

Technology

Manufacturing

Professional Services

Real Estate

Healthcare

Retail

Financial Services

Education

Infrastructure

Agriculture

E-commerce

Telecommunications

Media and Entertainment

Hospitality

Relevant Teams

Legal

Corporate Governance

Compliance

Finance

Corporate Affairs

Risk Management

Board Secretariat

Business Development

Investment

Strategy

Relevant Roles

Chief Executive Officer

Managing Director

Company Secretary

Chief Legal Officer

General Counsel

Corporate Lawyer

Legal Manager

Compliance Officer

Chief Financial Officer

Board Director

Corporate Governance Officer

Managing Partner

Business Development Manager

Risk Manager

Investment Manager

Industries
Companies Act, 2013: Primary legislation governing the incorporation, structure, management, and dissolution of companies in India. Provides framework for corporate governance, shareholders' rights, and company operations.
Limited Liability Partnership Act, 2008: Regulates the formation and operation of Limited Liability Partnerships in India, which combines the benefits of company structures with partnership flexibility.
Indian Contract Act, 1872: Fundamental law governing contracts in India, including formation, performance, and enforcement of contracts. Essential for ensuring the operating agreement meets basic contract law requirements.
Foreign Exchange Management Act, 1999: Regulates foreign investment and cross-border transactions. Relevant if the operating agreement involves foreign members or cross-border operations.
Income Tax Act, 1961: Contains provisions regarding taxation of different business entities, profit distribution, and tax compliance requirements that may affect operating agreement terms.
Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

Find the exact document you need

LLC Operating Agreement

A governing document for LLC operations in India, establishing company structure, management, and member rights under Indian law.

find out more

2 Member LLC Operating Agreement

An Indian LLC Operating Agreement establishing the rights and responsibilities of two members under the Limited Liability Partnership Act, 2008.

find out more

Amended Operating Agreement

An Indian law-governed document that amends an existing operating agreement to reflect changes in business structure, ownership, or management arrangements.

find out more

Standard Operating Agreement Partnership

An Indian law-governed agreement establishing the operational framework and partner relationships in a partnership business.

find out more

Real Estate LLC Partnership Agreement

An Indian law-governed agreement establishing a Limited Liability Company partnership for real estate activities, outlining partner rights, responsibilities, and operational framework.

find out more

Operating Agreement For Restaurant

A legal document governing restaurant operations and management structure under Indian law, establishing ownership rights and operational procedures.

find out more

Operating Agreement For C Corporation

A comprehensive governance document for C Corporations in India that establishes operational rules and management structure under Indian corporate law.

find out more

Capital Contribution LLC Operating Agreement

An Indian law-governed agreement establishing capital contribution terms and member rights in a Limited Liability Partnership, detailing investment structures and operational frameworks.

find out more

Standard Operating Agreement For LLC

An Indian law-compliant operating agreement defining the governance structure, member rights, and operational framework for a Limited Liability Company.

find out more

Entity Operating Agreement

A foundational legal document under Indian law that establishes the governance and operational framework for a business entity.

find out more

LLC Agreement

An Indian law-governed agreement establishing a Limited Liability Partnership (LLP) and defining partner relationships, governance structure, and operational framework.

find out more

Amended And Restated Limited Liability Company Agreement

An Indian law-governed agreement that comprehensively updates and restates an existing LLP agreement, incorporating all amendments and current partner arrangements.

find out more

Operating Agreement For LLP

An Indian LLP Operating Agreement that establishes partnership governance and operational framework under the Limited Liability Partnership Act, 2008.

find out more

Small Business Operating Agreement

An Indian law-governed agreement establishing operational and management framework for small businesses, defining owner rights and responsibilities.

find out more

Operating Agreement For Trucking Company

An Indian law-governed agreement establishing the operational and management framework for a trucking company, including member rights and regulatory compliance requirements.

find out more

Operating Agreement For Non Profit Corporation

A governing document for non-profit corporations in India that establishes organizational structure and operational procedures under Section 8 of the Companies Act, 2013.

find out more

Operating Agreement For Corporation

An Indian law-governed agreement establishing the management structure, operational procedures, and governance framework of a corporation under the Companies Act, 2013.

find out more

Nonprofit LLC Operating Agreement

An Indian law-governed operating agreement that establishes and regulates a nonprofit LLC's structure, governance, and charitable operations under Section 8 of the Companies Act 2013.

find out more

Non Profit Operating Agreement

A comprehensive governance document for non-profit organizations in India, establishing operational framework and compliance with Indian non-profit regulations.

find out more

Multi Member Managed LLC Operating Agreement

A foundational agreement under Indian law that establishes the operational and governance framework for a multi-member Limited Liability Company.

find out more

LLC Operating Agreement For Shared Vacation Home

An LLC Operating Agreement under Indian law for jointly owned vacation property, establishing ownership rights, usage terms, and management structure.

find out more

LLC Equity Agreement

An Indian law-governed agreement establishing terms for equity investment in an LLC, including shareholder rights, investment terms, and governance provisions.

find out more

Limited Liability Agreement

An Indian law-governed agreement that establishes liability limitations and risk allocation between contracting parties.

find out more

Limited Company Agreement

An Indian law-governed agreement establishing the operational and governance framework for a limited company, defining shareholder rights and company management structure.

find out more

Joint Venture LLC Operating Agreement

An Indian law-governed agreement establishing and regulating a Limited Liability Company joint venture relationship between partners.

find out more

Independent Contractor Operating Agreement

An Indian law-governed agreement establishing terms and conditions between a company and an independent contractor, ensuring clear definition of roles, responsibilities, and relationship status.

find out more

Holding Company Operating Agreement

An Indian law-governed agreement establishing the operational and governance framework for a holding company, including shareholder rights and management procedures.

find out more

General Partnership Operating Agreement

An Indian law-governed agreement establishing the operational framework and partner relationships in a general partnership business.

find out more

Family LLC Operating Agreement

An Indian law-governed agreement establishing the operational and governance framework for a family-owned LLC, including succession planning and dispute resolution mechanisms.

find out more

Contractor Operating Agreement

An Indian law-governed agreement establishing operational terms and conditions between a company and independent contractor, defining service scope, payments, and compliance requirements.

find out more

Aircraft Operating Lease Agreement

An Indian law-governed agreement for the temporary transfer of aircraft possession and operation rights from a lessor to an airline operator, subject to Indian aviation regulations and international standards.

find out more

Aircraft Operating Agreement

An Indian law-governed agreement establishing terms for aircraft operations between owner/lessor and operator, compliant with DGCA regulations.

find out more

50 50 Operating Agreement

An Indian law-governed agreement establishing equal partnership terms and operational framework for a 50-50 business venture.

find out more

LLC Buyout Agreement

An Indian law-governed agreement facilitating the transfer of LLC ownership interests from selling members to purchasing members, outlining all terms and conditions of the buyout transaction.

find out more

Single Owner LLC Operating Agreement

An Indian law-governed operating agreement establishing the framework and governance structure for a One Person Company (OPC), compliant with Companies Act 2013.

find out more

Investment LLC Operating Agreement

An Indian law-governed agreement establishing the operational and management framework for an Investment LLC, defining member relationships and investment protocols.

find out more

Limited Partnership Operating Agreement

An Indian law-governed agreement establishing the terms and structure of a limited partnership, defining partners' rights, obligations, and operational framework.

find out more

LLC OwnershIP Percentage Agreement

An agreement establishing ownership percentages and rights in an Indian Limited Liability Partnership, governed by Indian LLP laws.

find out more

Franchise Operating Agreement

An Indian law-governed agreement establishing the rights and obligations between franchisor and franchisee, detailing operational requirements and commercial terms for franchise business operations.

find out more

Bylaws Operating Agreement

An Indian law-compliant governance document establishing operational rules and management structure for companies registered in India.

find out more

Sole Proprietorship Operating Agreement

An Indian law-governed agreement establishing the operational framework and management procedures for a sole proprietorship business.

find out more

Multi Member LLC Operating Agreement

A governing document for Indian Limited Liability Partnerships (LLPs) that establishes operational framework, management structure, and member relationships under Indian law.

find out more

Member Managed LLC Operating Agreement

An Indian law-governed operating agreement establishing the framework and governance structure for a member-managed LLC, defining member rights, responsibilities, and business operations.

find out more

Shareholder Operating Agreement

An Indian law-governed agreement establishing shareholder rights, obligations, and corporate governance framework for company operations.

find out more

Real Estate LLC Operating Agreement

An Indian law-governed operating agreement establishing the structure and governance of a real estate LLC, defining member rights, management, and property operations.

find out more

Manager Managed LLC Operating Agreement

An Indian law-governed agreement establishing the framework for a manager-managed LLC, defining roles, responsibilities, and operational procedures under the LLP Act, 2008.

find out more

LLC Shareholder Agreement

An Indian law-governed agreement establishing rights and obligations between LLC shareholders, including governance and share transfer provisions.

find out more

Second Amended And Restated Operating Agreement

An Indian law-governed agreement that consolidates and updates previous operating agreements, establishing current company governance and operational framework.

find out more

Restated Operating Agreement

An Indian law-governed document that restates and updates a company's operating agreement, consolidating all amendments into a single comprehensive agreement.

find out more

Addendum To Operating Agreement

A legal document under Indian law that modifies an existing Operating Agreement, incorporating specific changes while maintaining the validity of unchanged terms.

find out more

Download our whitepaper on the future of AI in Legal

By providing your email address you are consenting to our Privacy Notice.
Thank you for downloading our whitepaper. This should arrive in your inbox shortly. In the meantime, why not jump straight to a section that interests you here: https://www.genieai.co/our-research
Oops! Something went wrong while submitting the form.

Genie’s Security Promise

Genie is the safest place to draft. Here’s how we prioritise your privacy and security.

Your documents are private:

We do not train on your data; Genie’s AI improves independently

All data stored on Genie is private to your organisation

Your documents are protected:

Your documents are protected by ultra-secure 256-bit encryption

Our bank-grade security infrastructure undergoes regular external audits

We are ISO27001 certified, so your data is secure

Organizational security

You retain IP ownership of your documents

You have full control over your data and who gets to see it

Innovation in privacy:

Genie partnered with the Computational Privacy Department at Imperial College London

Together, we ran a £1 million research project on privacy and anonymity in legal contracts

Want to know more?

Visit our Trust Centre for more details and real-time security updates.

Read our Privacy Policy.