Professional Documents
Culture Documents
non-judicial stamp worth Rs. 5000/- dated 24 TH Dec 2012 of Sagar (M.P.) Treasury bearing no F
370634 Between: -
1. Shri Abhinaw Mishra S/O Shri Krishna Bihari Mishra R/O H.I.G -23,Hari Singh Gour
2. Shri Mukesh Patel S/O Shri Motilal Patel, R/O 216 Gulab Colony ,Sivaji Nagar Ward
1. That the business of the partnership firm shall be that of Service Provider govt ,semi
Govt,Private Quality Inspection of various Products etc. Under the name & style of M/S
undertake other kinds of business or to carry the firm’s business at other place(s) as the
2. The Registered Office of Partnership Firm Will be at H.I.G -23,First floor, Hari Singh
3. That the regular books of accounts shall be kept and maintained during the course of
business, and each account year shall close on every 31 st day of March of every year
and as soon as convenient there after the account of the firm shall be made up, the
profits and losses of the firm for the year ended shall be ascertained and the same will
5. That all the partners are entitled to receive simple interest @ 12% P.A. on their invested
capital, which would be calculated on the credit balance and accounted for at the end of
the financial year, The rate of interest Can be Nil or Lower then 12% P.A. in case of
6. That All The Parties have agreed to keep them-selves actively engaged in conducting the
the end of the accounting year and shall be credited to the account of working partner’s
in equal proportion.
PAYMENT OF REMUNERATION
Continued
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The Remuneration so worked out as above shall be paid to, working partners in
proportion as:-
Respectively –
Book profit has the same meaning as defined in Exp. 3 of Sec.40 (b) of I.T. Act, 1961,
or
7. That each partner shall render true accounts of the matters pertaining to the partnership
firm to each other and the firm business shall be carried on with great skill & honesty.
8. That the Bank Account (s) shall be opened in the name of the firm, And shall be operated
9. That the Capital of the firm shall be managed or contributed by the Partners in
proportion to there percentage of their profit sharing ratio, as may be convenient to them,
And in future if needed it shall be open to the partners to borrow the Funds/ Money from
any financial Institution(s)/ Bank(s) or / and private concern/party etc. And all the partners
of this deed shall be responsible for paying Bank loans, private loans, any liability of
sales tax Professional Tax, or any other Govt. Liability according to their share in profits/
Losses.
10. That the firm shall not be responsible for pay any old Liability of partner or any personal
11. That in case of any difference, dispute between the partners the matter shall be referred
to the arbitration and decision of such shall be final & binding on the partners.
Continued
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12. That the firm’s business shall not be discontinued on the sad demise of any partner. It
shall be open to the heir/heirs of the deceased to enter into partnership if the surviving
13. That the partners may modify or change or add or alter or omit any of the term and
condition of this deed by executing a supplementary deed, and when any such deed in
writing and signed by the partners, shall effect the necessary change from the date there
The provision of Indian Partnership Act 1932 (As amended up to date) shall be
IN WITNESS WHERE OF We the above named parties have set our respective hands
on this deed, after fully understanding the matters contained herein above on the date and
WITNESSES: - EXECUTANTS
1………………………. ………………………………
2………………………. ……………………………….
……………………………….
Dated:-24/12/2012
SAGAR (M.P.)