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    21 views7 pages

    Ntech Partnershipdeed

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    joy

    Copyright:

    © All Rights Reserved
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    of 7
    “BN 53034" ets ‘’A.S.SIVASUNDARAM STAMP VENDOR LNo.121 44/21/98 Dt.30.9.97 No, 189, Arcot Road, Porur Naima Technology Solutions PARTNERSHIP DEED ‘Ths desdofParterstip is made on the S" day of March 2018 at Chensal between: 41. Mr. Murvganuadin.P, son of Mr. Pandia P aged about 46 seas, residing at Plot Not, Ramana Street, Si Balaji Nagar, Thundalam, Thinaerkadu, (ChermaiTamilhadu-600077, herein called “The Party ofthe Fest Part” 2. Mr. Kanuadhasin, son of Me. Natarajn, aged about 24 yeas, residing at 322, ‘Thondaiyt, Meayur Fos, layangudi TK, Sivagangal - 630702, hereinafter called “The Party ofthe Second Re te! he Second Part” | Kee 2 N Ken Se, 2 Fy WR i) afterarg TAMILNADU |_BN, 530351 jel Pamergamarnden *\ssivsunpa : ‘STAMP VENDOR honed ~17 L.No.12144/.2,1/96 Dt.30.9.97 No. 158, rcot Roa, Por, Ci-i16. 4. Mr. Pesyathambi sn of Me. Mahalia, ged hot 32 eu ‘edna 1/125. Keanltd Porn Tl), Taney, Ta ad | $40, eter cl “The ary fe The art AnD 4 Mr Rajesh Kanan sof Me Malling, al sot 27 years eingat 2175, Mil rect, Prumanena aan (PO) Arma Soul, yang, Sivgang, Tani Na, 370, einer ced “The Part af the ' ‘Fourth Part” ‘The tem "The Faty ofthe First Par “The Party ofthe Second Pat, “The Party (Se Third Par™, and “The Party ofthe Fourth Par” herr cle ns | "Partner" ad sl nce heel, presetaives, edit, esis and any ther persons ling unr hem. (ee 4 i 2 ko 2 ' 1 ee ' : u M papey L.No.12144/21/96 Dt30.9.97 No, 158, Arcot Road, Peru, Cht16, WHEREAS the above ai partners have decided to enter ino pariershin to cary onthe bsiness of Software Development and Consulting Services under the Name & Site of [MIS “Naina Technology Solutions” under the brand name of “Ntech™ with ees from 10 December, 2017 at Plot No.S7, Ramanar Street, Sri Balaji Naga, Thundslam, “Thiruverkadu, Chennai Tamitnadu-600077. c Byer 2 nee Meer WHEREAS the above sad partners hereto now wish to reduce their terms and conditions in iting NOW THE INDENTURE OF PARTNERSHIP WITNESSTH |, The partners, above said should carry on the business under the name and style as “Naina Technology Solutions”. 2. The principal office of the Partnership shall forthe present be situated at Plot No.7, Ramanar Street, Sri Balgji Nagar, Thundalam, Thiruverkadu, Chennai, Tamilnady {600077 and the partners may carry onthe business in any other place or places as desired by all partners 3. The object of the partnership shall be to cary on the business of Software Development and Consulting Services ete, The Partners may carry on any ther line of business or businesses as desired by them from time to time. 4. The partnership shall be deemed fo have commenced from 10" day of December, 2017 and the duration of the partnership shall be that of determinable at will by previous notice of three calendar months. ‘5. The capital ofthe firm shall be Rs, 5,00,000/- (Rupees Five Lakhs Only) and each Partner shall contribute towards their share of capital as follows:- 1, MrMuruganandam? -Rs.225,000/- 2, MrKannadhasan.N — -Rs, 25,000/- 3. MrPeriyathambiM —-Rs.1.25,000/- 4. Mr-Rajesh Kannan.M_-Rs.1,25,000/- ‘The partners may bring additional capital or advance wherever found necessary. 6. All the Partners ofthis agreement shall be the working partners. The party ofthe Fist art will be the Managing Partner withthe assistance ofthe other partes. They should render service for the benefit of the firm. The Managing Parner with the consent of ‘the other partners shall employ the required employees ofthe fim. 7. ‘The working Partners shall be entitled to, with their mutual consent, withdraw remuneration at arate that may be mutually agreed upon between them fiom time 19 time. They shall be at liberty to increase or decrense such rate of remuneration with word Ne bon Be aa their consent from time to tne 8. Book Profit means the Net Profit, as shown in the Profit and Loss account for the ‘relevant financial year computed in accordance with the provision ofthe Income Tax Act, 1961. ‘9. ‘The Net Profit or Loss of the partnership as per the accounts maintained by the firm afer deducting all expenses relating to the business of partnership inchuding interest ‘on capital and remuneration payable tothe working partners shall be divided and apportioned among the partners equally atthe close ofthe accounting year. 10.No partner shall, without consent in writing from other partner or partners, camry on any business which is eonnected with any similar business o trade, 11.No partner shall, without previous consent in writing from other partner or parners, assign, transferor mortgage his share or interest in the partnership business, 12.No partner shall enter into any bond or become surety of any person or persons or ‘knowingly cause or suffer to be done anything whereby the partnership may be endangered, 13, Further finance required forthe purpose of business of the fim shall be contributed by the parties in such rate as may be mutually greed upon. Interest at arate as may ‘be mutually agreed upon between the parties from time to time shall be allowed on ‘the capital standing to his credit forthe time being in the books of the partnership. ‘Such interest shall be calculated and credited tothe accounts of each partner atthe close ofthe year. Interest atthe same rate shall be charged on partners over drawings 14. The partners may borrow forthe purpose of partnership business in the name of parinership or individual name of partners monies or money from bank, financial institutions or ether parties as may be agreed to both the partners from time to time on the security ofall or any ofthe asset of the firm and /o seeuity ofboth or ay one of the partners or otherwise. 15, The parmership fim may open any account or accoums with any bank or banks, The Bank account of the partnership shall be operated as the Partners may mutually ‘decide and the same shall be operated upon by the Partners hereto singly. 16, Licenses, Conracs, Apeements and Pemits necessary to camry onthe business of either inthe the name of any one ofthe the fm may stand either inthe name of the frm or in eae paruers 2 2: kore 3a 17 All assets purchased out of the funds of the firm in its accounts shall belong to the firm irespective of the fact that such assets stand in the name of any one of the partners cin association with outsiders, 18, No parners shall sell or negotiate to sell the asets ofthe firm without the consent of the other partner. 19.0 the retement, death or insolvency of any partner his share of profit and losses and share inthe assets of partnership afer meeting the lisblitis shall be payable to him or to his legal heirs, successor, legal representatives or nominees asthe ease ‘may be. At times assets may be valued at markt value prevailing then, 20.n case of the dissolution of the firm, the books of account of the firm shall be finalized and duly approved by a Chartered Accountant and after the payment ofall

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