ag TREINEASRIRI UN LAT ASEAN (1) Om Prakash Gavendra S/o Shri Bhagwan Sahai Gavendra Age 56 years, 1010/4, Jatti Ki Bagichi, laxmi ‘Narayan Puri, Jaipur +o. Fitst Partner (2) Lokesh Gavenda Sie Shii Om Prakash Givendra, Age 33 years, Jatti Ki Bagchi, axmi Narayan Puri, Jaipur Second Partner For Omprkaah Contrator Groat 7, AWHERES the aforesaid party No.1 4 2. have decided to carry on business AR ted to Civil Now the aforesaid parties are desirous to put down the terms & conditions in writing to avoid future difficulties and misunderstandings ok "Ph J DAR ERE Attesteo cond 2 Public1 For Omprkaah Centrator Sypse PF eaner For OF aisThat the partnership business shall be carried M/S Om Prakash Contractor, or such other © as thE garties may decide form time to time. “fe (2) That the principal place of Partnership firms shall be ai Sent de Begichi, laxmi Narayan Puri, Jaipur or at any other placesiplaces as the Partner mutually agreed upon time to time. (3) That the main business of the partnership fim shall be that Of the Civit Works Related to Works Contract as such other business or business or business to which Parties hereto may agree fram time to time. (4) That the business under the newly constituted deed shall be deemed to have commenced wie. YA-Cb- 20 Var] ‘shall be “AT WILL", @) the partners. However, the partners may by their musuel consent, add, amend , wi godify, reduce, vary or cancel this clause in any, manrey ct may by ‘vatually decided between them from time to time, (6) That All the partners shall be entitled funds for the purpose of partnership business on such terms and eonditions as mutually agreed, (7) That the aggregate amount of remuneration payable es working partners will be ‘Raxrmim amount allowable as deduction under the provisions ef ihe income Tax Act61 and they shall be allocated ‘between the under mentioned working partners (Om Prakash Gavendea 50% 2, Lokesh Gavendra 50%. Up to maximum of allowable remuneration, (8) That profits oF losses of the partnership firm shall be divided among the partners in the following proportions: i Om Prakagh Gavendra 50% For, puget = 2 Lakh Sve 50% by ne +e Comd 39) (10) an (12) a3) aay (Sy (6) (17) (18) of the financial year. ‘The partnership business shall be looked after by the partners hereto or any of them or their authorized agents faithfully and diligently in the best iniereat of the firm in accordance with the policy and decisions taken by the partners from time to time. Bank account or accounts shall be opened in the name of the firm and shal be ‘operated by the any signatures of the partner. in the event of demise of any. parner the continuing partner shall be entitle to cary on the business of the firm in the same name and legal heit Of deceased partner of in partnership with any other person or persons as deem fit with the rior consent of legal heirs deceases. . ‘at both the Partner have right to give power of atomey to any partners or other None of the partners hereto shall without the consent, of their partners, sell Assign, change, pledge or other wise his shares of interest In the partnership business to any outsider ‘That the terms and conditions hereto mentioned shove may be varied, altered, amended or deleted by the mutual consent of the aforesaid partners, ‘That the point where no express provisions have been made in these pares, the Provisions of Indian partnership Act, 1932 and the statutory modifications there of shall apply. All disputes and difference arising among the parmers shall be referred to arbitration of Indian Arbitration Act. 1940 Vee. in witness where of the parties havy set their respective hands on the 18 “Aihersin above written in present of: TR / pairs ER pagel fn | fu Cont On RTRERE ie THER _ OF irst Partner "Second Pater The Omprkesh Gentratoy Pre Cian| Witness