' n1 /ttn BJ E| Tq MAHARASHTRA c 2016 C Y 944419 {rr'{Fg q.q Vf- (o ,*h 4 ! CT lgtO \ F,w \ a., SE ) rr:,p&4 fr,,,,, tqrq* ri= rff,it ;r(Er-.*- W ,,) t ii" >i t) r, fl fl Srr i0r* ^),),\*.* rra;,r;J i,:,.; ii'si ( q, m. 1g/Qoo1; :,li ,r,irlq-ed, o{Qir6tiol, TtRro 'sE PARTNERSHIP DEED THls DEED oF PARTNERSHTP is made on this 4,h Day of october zot6. BETWEEN 1) MR. KTSHOR SAHEBRAO sHlRSAT (PAN: AZXPS3739A), aged 43 years/ lndian inhabitant, resident of plot No. 3, Malhar, Near prasad Mangal Karyalaya, Sh antiniketan Colony, Gangapur Road, Nashik - 422A73, herein hereinafter called pARTy the OF THE FIRST PART; Q:-xfi E u11f ,t,D r D,i A ,1 lll fier\w l'.r-,, ' . /i\ 1.t ,t l.r.^). Ur1|,gl:vr'-\UffiS .rl MAHARASHTRA ., 2016 c htrqz ilq/r"- A /\^-r onat Y 944420 rirso sr.e * eo iF cfT Z!19 4 frdl Dlt', *7,71r's;7, {n&r ,il,,r: i r,r, . *::. ;. ;" ,\lE 'r-JlK ,iA i6l /-W ' LI-li:*, ..,,,,r,,,,,."ffii",r :l) ir:$ i';i;rrr,ss6, oTefrni?nT -rrf}* 2) MR. NrflN MADHUKAR DAHTVELKAR (pAN: Ar r p5 znggK inhabitant, resident of "DWARKO" pio, ), aged 37 years, tndian rrro..13_L, suryoaaya 422009, hereinafter cared cotony, savta Nagar, Nashik _ the pARTy oF THE SECOND pART; AND i,iH;J,il,'ji,::::ll$fff::::i:T:ll1 fI t \x! Q ), aged 37 years,,ndian ; ; ;;.;.; .,iff [ $ffi},:]illT;H a, co, ege ;:g]gti' M a, ]; :ilT -*r r (A';:Y'orA .ill- ''nJl1 l,n,l - ,, /y /1 r.t L; L,\ ^xsH/K -: l' . .'. ' ' 't':; hl - I R.d "t;-:? t''c 806t lirplly ["i-' zl,a,zoii a <- Or /.11'( r\ )L)t//JJ M A{}\ WHEREAS the above said parties agreed and formed Partnership from 04/10/701.6 to carry on the business in the name of "M/S. sHtRsAT AND DAHTVELKAR MALPURE AssoctATES,, and hereby agree to continue and carry on the same in the partnership on the terms and conditions agreed by them which are recorded by this Deed as under: AND WHEREAS the parties hereto desirous of reducing the terms and conditions in writing as follows: 1) NAME The name of the partnership firm shall be "M/S.SHIRSAT AND DAHIVELKAR MALPURE ASSOCIATES ''. 2) PLACE The business of the partnership shall be carried on at Flat No. 1, Ankur Apartment, Narsinha Nagar, Near HP Gas Godown, Gangapur Road, Nashik - 422073 and also at other place(s) as the parties may decide from time to time. 3) BUSINESS The business of the partnership firm shall be that of Land Development, Construction Activities such as private, Government and semi-Government contracts, Sale and purchase of Land, Building Labour works and also any other business which the parties hereto may mutually agree upon from time to time. 4) CAPITAL lnitial capital of T 100,000/- is to be introduced by the partners in their profit sharing ratio. Additional funds required from time to time for running partnership business may be borrowed from banks, financial institutions or any other sources with or without security as the partners hereto may agree upon from time to time. s) AccouNTs The accounts of partnership business shall be maintained according to financial year and at the end of 31st March of each year. The accounts shall be made, balance sheet shall be drawn and net profit or net loss shall be divided as per clause 6 of the said deed. 6) PROFTT/LOSS Net profit or net loss (including capital loss if any) shall be shared by and between the partners said above as under;- Name of the Partners ShareinP&L 1. Mr. Kishor Sahebrao Shirsat s0% 2. Mr. Nitin Madhukar Dahivelkar 2s% 3. Mr. Yogesh Sudhakar Malpure 25% !00 % -et =e openeo in the name cf :he firm in any bank(s) and shall be operated with the joint signature of Partner No. 1 and 2. 8) COMMENCEMENT & DURATTON The business of the partnership has commenced from 0411.012016. The duration of the partnership is "AT Wl,l-L" of the partners. 9) TNTEREST ON CAPTTAL Each party hereto will be entiil" :o interest on their contributed capital as per the rate prescribed | 'r section a0(b)(iv) of lncome Tax Act, 1961_. The interest will be cal,. red on cut-Miti Basis (Average Day Basis) and will be payable only a" . end of accounting year when accounts are finalized. However, thr' ,trtners will be entitled to reduce the rate of interest or change the I le of calculation of interest from time to tinte as may be mutually agr' 1 upon between the parties' 10) REMUNERATION TO THE PARTNERS Both the parties havr: agreed to keep themser actively engaged in the conduction of affairs of the partnership bt, :ss and they shall be working partners. The remuneration payable t, ,orking partners shall be computed as laid down in under section 4C v) of the lncome Tax Act, l-961 or any other applicable provisions tlr;' , force amount shall be distributed between the working partners , rheir profit sharing ratio. The partners will be entitled to increase or reduce the above remuneration or may agree to pay remuneration to other working partners as may be mutually agreecl upon. The parties discl a6roed to change or revise the mode of calculating remuneration from time lo time as may be mutually agreed upon between them but subject to conditions laid down in section aQ(bXv) of the lncome Tax Act, 1961. The remuneration of the working partners will be calculated and will become payable at the last date of accounting year, when the profit or losses of the firm will be determined. However, partners will be entitled for reasonable withdrawals from their accounts. 11)ARBTTRATION lf there shall be any dispute and question whatsoever between the parties hereto that shall be referred to one arbitrator and his decision will be final and binding on all the partners. 12) GENERAL Any one partner out of Partner No. 1 & 2 can do the following acts on behalf of the firm - a) To tender negotiable sub lot and sign on various contracts on behalf of the firm. I : -: :,rd- :r .?r-r:r-t: 166r rlEi.r:,-: 'i,iLlr-es:cs cgmsruacun etffi grCr ag tMS-= S" *:mcAiorrs, Doc,;rerrtati,o,ns, N-!.!-C- .tdorts eic- t be 13) No Partners shall without the consent of other partner - a) Enter into any bond or become bail, surety or security with any pers or suffer to be done anything whereby the partnership property or ari seized or attached or taken into execution. VT. ',ip business or part of such business b) Assign, mortgage or charge his share in the partnf or made of any person co-partner with him therein. c) Compromise of compound (except on payment thereof in full) release or discharge any debts due to this partnership business. d) Assign, mortgage or charge any or all portion of the assets oroodwill of the firm or behave in such manner as to jeopardize of the partnership firm. e) Execute any promissory note, hundies or any negotiable instrur ents being partnership business any of the act (a)to (d) as above conrmitted by any of the otlrr:r partner, the partner so executing such documents and exceeding his limits will be sol'.rly responsible for all consequences arising out of the commitments entered into by hinr and the partnership business bear no responsibilities or liabilities out of such dealings )r transactions in any manner. WITNESSETH whereof the parties have signed this deed on the day,,,rd year mentioned at e outset. WITNESS SIGNATURE OF PARTNERS -lF"q 1) (MR. KTSHOR SAHEBRAO SHIRSAT) W (MR. NrflN MADHUKAR DAHIVELKAR) \ \ ^.,_ ./ rLfii1- YoGEsH drox.qnR MALPURE)