This deed of partnership entered into at Coimbatore on this 20th day of March’2024, by and

between:

1. Mr. ----------, son of Mr. -----------------, aged about ------ Years, residing
----------------------------, hereinafter referred to as FIRST PARTNER.
AND
2. Mr.----------------, Son of Mr.---------------, aged about ----- Years, residing
at-----------------------------------------, hereinafter referred to as SECOND PARTNER.
WHEREAS the Parties to this instrument are desirous of carrying on a business and have
agreed to become and remain as Partners in the said business and thus the Parties herein have
understood their mutual relationship as Partners in the said business.
 AND WHEREAS the Parties hereto are further desirous of executing this Deed of
Partnership evidencing the terms and conditions under which the said business is to be carried
on between themselves.
NOW THIS DEED OF PARTNERSHIP WITNESSED THE FOLLOWING
1. COMMENCEMENT:
This Partnership shall commence on and from the 20th March’2024.

2. DURATION:
The duration of the Partnership shall be one “At Will”.

3. NAME OF THE FIRM:

The Partnership shall carry on the business under the name and style of Green Village
Realtors and it may carry on the business under any other name/s as the Partners may
decide upon from time to time.

4. PRINCIPAL PLACE OF BUSINESS:

The principal place of the business of the Partnership shall be at 223/2, Vijayalakshmi
Avenue, Near back Mari Amman Temple, ML Nagar, Tiruppur- 641652 and it may
also carry on the said business at such other place/s as may be decided upon by the
Partners from time to time.

5. NATURE OF BUSINESS:
The firm shall carry the business of real estate which includes raw land property,
constructed property, and construction of residential, commercial, and industrial
buildings thereof and the partnership may also carry on such other business/es as the
Partners may decide from time to time.

6. CAPITAL OF THE FIRM:

The initial capital of the business shall be Rs. 5,00,000 (Five Lakhs Only) and the same
shall be contributed by the Partners, in equal proportion.
The Partners shall contribute further funds towards capital as and when necessary.

7. INTEREST ON CAPITAL:
The partners shall be entitled to a payment of simple interest at the rate of 12% per annum
or such other rate/s as may be decided from time to time on the credit balance standing to
the capital / current / loan accounts of the respective Partner.

8. REMUNERATION TO PARTNERS:
 Both the Partners shall be the working Partners and be in charge of the day-to-day affairs
of the business and shall be entitled to remuneration in the following manner.

The Partners shall be entitled to alter, reduce, or increase the remuneration on such terms
and conditions as may be decided by them from time to time.

9. SHARING OF NET PROFITS AND LOSSES:

The profit/losses of the business after deducting all expenses including the remuneration
as well as the interest payable to the Partners shall be shared and distributed among the
Partners, EQUALLY.

10. ACCOUNTS:
Proper books of accounts shall be maintained and kept at the business premises of the
Partnership. The accounts shall be closed as of 31st March of every year and shall be
audited by a qualified Chartered Accountant.

11. BANK ACCOUNTS:

Bank account/s of any nature may be opened with any Bank or Banks and such account or
accounts whether in credit or debit shall be operated by any partner, solely. The Partners
will not borrow any money by or on behalf of, the Partnership.

12. DRAWING:
The partner shall be entitled to draw out such sums of money as may be decided from time
to time on each calendar month on account of their accruing share of profits
remuneration/interest.

13. MANAGEMENT OF BUSINESS:

1. Each Partner has equal rights in the management of the Partnership. The Partners will
devote as much of his or her time and efforts to the affairs of the Partnership as may be
necessary to accomplish the objectives of the Partnership.

2. Each Partner does NOT have the power to make significant nor ordinary decisions on
behalf of the Partnership.

3. Each Partner has the authority to hire and firing of employees.

4. Borrowing or lending of money for the business shall be made between Partners
mutually.
14. DISSOLUTION OF THE FIRM:
The death, retirement, or resignation of any partner shall not cause the dissolution of the
business, and the same be carried on by the surviving / continuing partner.

15. PARTNER’S WITHDRAWAL:

A Partner may withdraw from the Partnership at any time by providing at least 30 days
written notice of such intention to withdraw to the other Partners.
16. PARTNER'S TERMINATION:
A Partner may be removed from the Partnership if such Partner is involved in fraud,
declares bankruptcy, declares incompetent, commits embezzlement, and is imprisoned.
17. PARTNER’S RETIREMENT:
A Partner may retire from the Partnership at any time by providing at least 30 days written
notice of such intention to retire to the other Partner.
18. RESTRICTION ON TRANSFER:
No Partner shall transfer, assign, sell, give, pledge, hypothecate, or otherwise encumber, or
dispose of in any manner any or all of his or her interest in the Partnership without the
written consent of the other Partner.
19. NEW PARTNERS:
The Partnership admits new Partners to the Partnership on the terms and conditions as
determined by the Partners at such time.
20. ARBITRATION:

Any dispute, or difference which may arise between the Partners or their representative,
about the construction/meaning and effect of this Deed or any part thereof or respecting
the accounts, profit or losses of the business, or the rights and liabilities of the Partners
under this deed, or the dissolution or winding up of the business, or any other matter
relating to the firm shall be referred to arbitration and the decision of a sole arbitrator if the
parties on the dispute so agree otherwise two or more arbitrators, according to the number
of Partners of the firm, one to be nominated by each party or by his representative and in
case of difference of opinion between them by the umpire selected by them at the
commencement of the reference and this clause shall be deemed to be a submission within
the meaning of the Arbitration and Conciliation Act, 1996, including its statutory
modification and re-enactment.

21. GENERAL:
 1. The terms and conditions of this deed may be varied, altered, amended, canceled, and
suspended on mutual consent of the partners for the convenience of the business, at
any time.

2. In any event, for which this agreement is not contained, the provision of the Indian
Partnership Act, 1932, with all the statutory modification thereof shall apply.

IN WITNESS WHEREOF THE PARTIES TO THIS INSTRUMENT HAVE HEREIN

SET THEIR RESPECTIVE HANDS ON THE DAY, MONTH, AND YEAR FIRST
ABOVE WRITTEN.

FIRST PARTNER SECOND PARTNER

WITNESS ONE WITNESS TWO