PARTNERSHIP DEED OF M/S. AVINYA DEVELOPERS HTNgTINDIA .500D FIVE HUNDRED RUPEES ia a Rs. 500 INDIA NON JUDICIAL w HETRTMAHARASHTRA 2023 0 CB 394938 TEET iiisT* ** itTTaR ***** ** PARTNERSHIP DEED OF M/S, AVINYA DEVELOPERS This DEED OF AGREEMENT is executed at Sambhajinagar on 27th day of December, 2023 between, 1. Mr. Ganesh Bhaurao Gawall Age:- Major, Occupation : Business, R/o - House No.1088, Mali Gali, Nursary Road, Shivneri Colony, Ranjangaon (SP) Tq. Gangapur, Dist. Chh. Sambhajinagar 431136 (Hereinafter called the party of the First part ) 2. Mr. Suresh Gajanan Gawande Age:- Major, Occupation Business, R/o- House No.1106, Shivneri Colony, Ranjangaon, Ranjangaon (S.P), Tq Gangapur, Dist. Chh. Sambhajinagar 431 136 (Hercinafter called the party of the Second part) NOW THIS AGREEMENT WITNESSETH and it is hereby agreed by and between the partners hereto as under:- . The name and style of the partnership firm shall be M/S. AVINYA DEVELOPERS 2023 and 2. The partnership shall be effective from 27th day of December, date. business in partnership shall be commenced with effect from this shall be at Gut No.34, The main place and registered office of the partnership firm 431136 Plot No.2, Behind Plot No. K-87, MIDC, Waluj, Chh. Sambhajinagar - and 3. The business partnership firm shall be that of Builders of the Bungalow, row houses, and Developers, Sale, Purchase, Plats, the partners may Development of Plots, or any other business which mutually decide from time to time. be at will. 4. The duration of the partnership shall shall be that of Rs. 50,000/- (Rs. Fifty 5. The capital of the partnership business as per requirements of Thousand Only) contributed by the partners equally capital as per requirements of business. The partner may introduce additional the business. 6. The profits and losses of the firm shall be divided and borne by the partners in following ratio. 51% a. Mr. Ganesh Bhaurao Gawali 49% b. Mr. Suresh Gajanan Gawande 100% TOTAL 7. That all partners shall be working partners and they shall be paid remuneration in following manners. the 1 First the aggregate remuneration deductible in the computation of income the firm as provided by section 40 (b) of the Income Tax Act, 1961shall be determined (such sum hereinafter referred as aggregate remuneration.) % of Aggregate Remuneration 51% a. Mr. Ganesh Bhaurao Gawali 49 % b. Mr. Suresh Gajanan Gawande 100% Total of thee 2) The firm shall credit the amount of remuneration to the account of every year. partners to whom remuneration is payable on 31st March shall be paid to thee 3) In case where there is loss to the firm remuneration Act. working partners as per the provisions of the Income Tax 40(6) of the Income 8. Interest 12 % p.a. or such rate as may be prescribed u/s standing to Tax Act 1961, shall be payable by the partnership on the amount of the partners, they the credit of the capital and /or current or loan account from time to shall be at liberty to increase or reduce the above rate of interest time. 9. The accounts of the partnership shall be taken annually on 31 March of each year the profit and loss account and balance sheet shall be prepared and approved and signed by the partners, 10. All necessary and proper books of account shall be kept and maintained by the firm. The said books of account shall be kept and maintained by the firm. The said books of account shall be kept together with all letters, papers and or writing, concerning or belonging to the partnership at a time have iree access and the right to inspect and copy the same. 11.The bank account in the name of the firm shall be opened with any nationalized, commercial or co- operative bank as may be agreed by the partners and all moneys, cheques and other securities belonging to the firm except those required for current expenses shall be paid in to or deposited with bank or bankers of the firm. 12. The party from the First & second part shall only be responsible for registering any type of deeds related with the firm, or the firm can appoint any third person for registering any type of deeds through power of attorney. 13.All cheques drawn, bill and other documents for the purpose of the firm shal be signed and bank account shall be operated by signature of Joint. 14.The partners hereinto may admit any new partner or partners upon such terms and conditions as may be agreed unanimously in writing. 15.The firm shall not dissolve upon the death, retirement or insolvency of any partner and upon dissolution it shall be wound up and the assets and liabilities dealt with in accordance with the provisions of the Indian Partnership Act. 16.All differences and disputes relating to the partnership or its dissolution arising out of this deed shall be resolved by arbitrator under Arbitration Act. 1940 or Law prevailing in its place at that time and the decision of the arbitrator shall be final and binding on both the partners. e 17.In case ot any legal or any other dispute with third person, only the sccond part shall be responsible and authority will be given to second part to hancdle such matters. 18.All the partners are totally free to run any other business activities insteacd ol this firm with any person firm company whatsoever. / / 19.Notwithstanding anything stated or provided hereinabove the partners shal have full power and discretion to modify, alter or vary the terms and conditions of this deed by mutual agreement which shall be reduced to writing and signed by both the partners and thereupon the said writing shall become appendage and part of this deed. In witness where of we put our signatures on this 27th day of December, 2023 at Aurangabad with all the mutual understanding and authority given by all the concerned. Name of the Partners Signature Mr. Ganesh Bhaurao Gawali Mr. Suresh Gajanan Gawandle Witness: Signature 1) Nitin Uttam Tambe Add. Holkar Chowk, Kokanwadi, Sambhajinagar. 2) Sandeep Yashvant Jogdadne Add.: Mil Corner Police Quarter, Sambhajinagar.