q@?i:Ut:? MAHARASHTRA {) 2022 {) BY 392591 u ' , ~ ~ ij i J I M/S LEGACY BUILDERS & INNOVATORS i Office No 1. Neerai Heights, Gauripada, . Kalyan west.. Thane. Maharashtra - 421301. I • THIS DEED OF PARTNERSHIP IS MADE ON THIS DATE 2 , /ouj 2..0,2. 3 • •I I I "Gf1.s4?1 ~/ te«i, ... , ~ / 3 1 - j , ~ 1PWF: ........... ~Yi)~·c:-rf)· .. ·.w~.............. l{ffl ~ lfi(Ujf{ ~ cfiT....................................... :........................ --,_ •. , • • . , - ,; ,,, r · ;'· '· . -,eoTI- ~, ~ 3(\lt-,qiEI' ~~. -m21if Pl "' tiEfi .y;14fe,4,..._ .rr,:f•.................. - ··, ·:'- , . ' ,-.. ..... ...... , ' . • I 1'~ ~ fl\@c:fia qu,.,.............. ....... ..-: . ............................................................ .,_.. 'I 4'11C4(',li ~ : .................................. : ........................................... .. ~ ~ ~on~,~ ~; .....'3,~cn·~....fut,J5: ..~~· ......... ~ qtfi.y;i ~ Asti<'41ifl 'ffift :- f.!t".~(lcl ~ ~ ~ ~ :- . 4(cll--ll W . t~o~o~¥ ~ ~ ~ft•licl, cf>f-lllUI ('ff} • [ ~ cf>l(UffEtitl ~ ~ ~ ~-~ ~ cf>i(Ullfti6\ ] . . ~ ~ ifi{W.j1q11-61 ~~ business In the name and style of LEGACY BUILDERS & INNOVATORS" ~h g th ~A capital required for the business of Partnership shall be contr'b t d . · ~t e q """\\.~ JI{•~-<- -- ~ u e timetot1meby ov···~ ~~ J the PARTIES in such manner In all respect as may be agreed to between them Current Capital contribution as on date of commencement of partnership is a~ follows: i. Mr. Subhash Vishnu Mhatre Rs. 10,000/- Ii. Mr, Arjun Vishnu Mhatre Rs. 10,000/· Ill. Mr. Madhukar Vishnu Mhatre Rs.10,000/- b) The party of the First Part and party of the Second Part and party of the Third Part have Introduced th~ir owned family land / part of land bearing no 40 hissa no 1/E, adm 460 sq.mtrs lymg and being situated at Village Chikanghar, Taluka Kalyan as a part of their capital along with benefits of as a part of their capital contribution in "M/S LEGACY BUILDERS & INNOVATORS". c) It hereby agreed by all the parties that the firm shall take over the said property from the party of the First Part, party of the Second Part and party of the Third Part The firm shall discharge all the obligations in respect of the said property on behalf of them. The party of the First Part, Second Part and Third Part shall have no right over said property after execution of these presents. 5. That each partner shall : - • Diligently attend to the business of the Partnership and devote his/her necessary time and attention thereto. • Punctually pay her/his separate debts and indemnify the other partner and the Assets of the firm against the same and all expenses thereof. • Upon every reasonable request inform the other Partner of all papers, letters, accounts, writings and such other things which shall come to her/his hands or knowledge concerning the business of the Partnership. 6. That neither Partner shall without the consent of the others: - • Lend any of the money or deliver upon credit any of the goods of the firm to any person or persons whom the other Partners shall have previously in writing forbidden her/him to trust • Raise or advance any loan in the name of or on behalf of the firm. • Assign charge or transfer her/his shares in assets or profits of the firm. 7. All the parties Shall be entitled to remuneration as provided hereinafter. The yearly remuneration payable to the working partner shall be calculated as percentage of book profit for each accounting year or part thereof. For the purpose of this clause the expression "Book profit" shall mean the "Book profit'' as defined in Explanation3 to section 40(b) of income Tax Act, 1961, or any statutory modification or re- enactment thereof for the time being in force. 8. Any partner may if so required with the consent of all the partners make ADVANCE to the FIRM· such advance carries interest@9% per annum. However, the FIRM shall not retain s~ch advance if the purpose for which the advances so given is achieved. The advance so given is shall be refunded to the Partners along with agreed interest 9. The FIRM may if so required with the consent of all the partners ADVANCE to the PARTNER (WITHDRAWAL); such advance carries Interest@ 12 % per annum. 10. That the partners shall be entitled to modify the above terms relating to remuneration interest, etc. payable to partners by executing a supplementary deed and such deed when executed shall have effect unless otherwise provided from the ~~~ first day of accounting period In which such supplementary deed Is executed and th J, ~,i. same shall form part of this deed~ofpartnershlp~ ~ M.!·.~!il~ ~ fRN HD. 1l'.l13'f/l ~ I r ~M ~ ~ ~~ "'&re_ctl>rr" ' .... __ the e by the FIRM & Authorized by all 11, That all business expenses shall be born partners. or other ange, hundies or promissory notes 12. All bonds, bills, notes, bills of exch ed, nership (except cheques) shall be sign securities given on behalf of the part note, orse d, accepted or executed jointly by all the partners and any bond, bill, end ision tner may be a party contrary to this prov bill of exchange, etc. To which any par tner and he shall personal account of such par shall be deemed to have been on the par tner s and moneys and indemnify other pay and discharge the same out of his own ges, gal nst all actions, proceedings, costs, char the firm against payment thereof and a ect thereof. expenses, claims and demands in resp , bank Joan from any person/Financing Company 13. That the partners shall not take any tten consent of each any case, without the wri or any other Govt/Pvt. Department in other. s shall be 14. That the Profits or Losses, as the case may be, of the Partnership busines e agreed ratio for each year based on efforts divided among the Partners as per ther Loss from or mutual concern. Profit & contribution or such other criteria Construction Business is as under: Share of Share Of SR Name of working parbler Loss Profit No 33.33% 33.33% A Mr. Subhash Vishnu Mhatre 33.33% 33.33% B. Mr. Arjun Vishnu Mhatre 33.3 4% 33.34% C. Mr. Madhukar Vishnu Mhatre will n of partner is mutually·decided and 15. Terms & condition regarding Admissio ived from all the partners. effect from the date of written consent rece giving 16. That any partner may retire from the Partnership firm, hereby formed by but none shall leav e the firm unti l or unless one month notice in writing to the others out, liabilities paid Off, assets realized ied all the pending commitments are carr fully and settled fina lly to the entire satisfaction of each of the accounts are rendered parties hereto. to the 17. That in the event of death or retirement of any of the parties here dissolve, but shall continue. The legal heir partnership firm hereby formed shall not r written l step into her/his shoes with prio or the representative of the deceased shal consent from remaining partner. hip in any event not hereinafter provided That upon the dissolution of the partners ly ll and liabilities thereof should absolute for the said business, the assets, goodwi the parties to the partnership. by vest on any one partner mutually decided er profit Should be valued by 3x or 3 years sup 18. At the time of retirement Goodwill valued at at WDV & Intangible assets are method and tangible assets to be valued cost (Except Goodwill). of interest 19. That no Partner shall have the righ t to sell, mortgage or transfer his share his heir or heirs or any one of the existing In the FIRM to anyone else except to ng his/ her sha re to anyone nt of heir (s) selli Partners or to their heir (s). In the eve t or pre-emotion In respect of such sha .,,,_..-c---...:o . else, the existing Partners shall have a righ ~~ ~,:,') (s)sold. Ml• m " ct * GPAl h .( c, M.NO· ,5arau 'k ~ ,,.. 8v upon mutual understanding, each Partner or his duly authorized agent shall have zo. (tee access to the account books of the Partnership and shall be entitled to take copies or extracts from any or all such books and records of the Partnership susiness. the Partners shall keep or cause to be kept the books of account of the FIRM at 21. That the principal places of its business and make all entries therein, and that all such books of account kept shall be closed on 31st March every year and for salary purpose it should be closed on month-on-month basis or in the case of any necessity on any other date as the Partners may mutually decide. 22. That the bank account In the name of the firm shall be opened with any bank as the Parties may mutually decide and the same shall be operated by the Partners jointly. 23. That all major expenses of the firms shall be made by cheque. Cash expenses shall be paid by mutual concern of all the partners. 24. That no Partner shall do any act or thing whereby FIRM or the FIRM property may be prejudicially affected. 25. Apartnership firm must be operational and ifa dispute or difference arises between the partners, the partner firm may appoint an appropriate arbitrator to settle the dispute and bind the alternative to Indian arbitration. That it will always remain open to the parties hereto to amend, annul or change any term or terms of this Deed of Partnership in the course of its business and in that event of amending, annulling or changing any term or terms of this deed of Partnership no fresh deed shall be required to be executed. IN WITNESS WHEREOF the Parties hereto have set and subscribed their respective hands to these presents the day, month and year first written above. WITNESSES: 1. ~ M.-. f¾_..,,\\,.s', s~hl-Rs~ 11~ O\"f\\4'v- t\~'\"· 'li~ P\oo,... t.111,w•.io &~pctQ.G\ '1°.s pi-\-q\ ro~~ 0...~i.,q ~j 1 \(..~ t.t., (w.J. Mr. Subbasb Vishnu Mba (Party of the First Part) i\ *'I , / 2.~1,tCr·f~ 1101./A~ ,Ja; ShYYllCI\, W ~ ~W/ff I P40-1ll») ~'1~'2--ft;) ~ Mr. Arjun Vishnu Mbatre (Party of the Second Part) l. ~ Mr. Madhukar Vishnu Mhatre (Party of the Third Part)