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2.
3.
4.
Whereas, the above named party no.2,3, was carrying on the business of Building
& Road Construction, civil work, with state & central gourment, teaching institute,
hospital, agricultural Etc along with Mr in the Name & Style of in partnership vide
partnership deed dated
And Whereas, Mr decided that the profit and loss on the partnership firm shall be
devided/ born among/ by, the parties to agreement in followings ratio w.e.from 01-042009.
Mr
Mr
Mr
Mr
45%
45%
05%
05%
PLACE
3.
That the principal place of the business shall be situated at and/or any other place(s)
as decided time to time by the partners mutually.
BUSINESS
4.
That, partnership shall carryon business of Building & Road Construction, civil
work, with state & central gourmets, teaching institute, hospital, agricultural Etc. However,
the partnership may carryon any other business, not prohibited, by the law of land, which
the partners may mutually decided from time to time.
DURATION
5.
CAPITAL
6.(I) That the initial funds for the partnership firm shall be provided by the parties to this
agreement in the ratio and on such terms and conditions as may be mutually agreed upon.
6.(II) That, on the first day of every accounting year the capital of the firm and individual
contribution of each partner therein shall be fixed with the consent of all the partners. The
decision of the partners shall be recorded in the minute book to be kept for this purpose,
which shall be signed by all the partners.
6.(III) That, the partners may also have current accounts with the firm, which shall not
form part of the capital of the firm as defined in Para 6(I) and (II) of this deed.
6.(IV) That, simple interest @ 12% P.A. shall be paid to the partners on the capital as
defined in Para 6(I) and 6(II) of this deed subject to the availability of profit.
REMUNERATION
7.
That, all the partners shall be working partners to look after the affairs of the
business of the firm honestly, diligently and to the best of their ability and for the services
so rendered by them to the firm. Super working partner shall be paid commission subject
to the availability of profit.
The gross amount of commission to be paid to the working partners shall be
calculated in the following manner and shall be divided amongst the partners in the ratio of
the profit sharing:
ACCOUNTS
8.
That, the proper books of accounts shall be maintained/ caused to be maintained in
the regular course of business and each party shall have right to inspect them, to take
copies thereof and to take extracts there from, during the business hours.
That the accounting year of the firm shall be from 1 st day of April to 31st day of
March of the following year.
That, an account shall be taken each year on the 31 st day of March of the assets and
liabilities and profit or loss of partnership firm and the same shall be dully signed by the
each party of the agreement.
BANK ACCOUNTS
9.
That, the bank account shall be opened in the name of the firm in any bank. The
account shall be operated by the signatures of any two of them.
PROFIT SHARING/LOSS BEARING
10.
That, the profits and losses on the partnership firm shall be divided/borne,
amongst/by the parties to agreement in following ratio:
Mr
Mr
Mr
Mr
45%
45%
05%
05%
16.
That, the terms and conditions of the partnership deed may be altered, modified,
varied, added or canceled by the mutual agreement arrived at between the partners and
signed by them.
In witness whereof, the parties hereto have put their respective signatures on this
deed of amendment in partnership, this the 1st day of April 2009.
WITNESSES
1.
SIGNATURES OF PARTNERS
2.