DOWNLOAD DRAFT PARTNERSHIP DEED IN WORD FORMAT


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DOWNLOAD DRAFT PARTNERSHIP DEED IN WORD FORMAT
This Deed of Partnership is executed on this the ………day of ………, 20……. by and amongst:-
1. …………………….. S/o ………………………..R/o …………………………………….. (hereinafter referred to as party of the first part);
AND
2. ………………………… S/o ………………………………R/o …………………… (hereinafter referred to as party of the second part).
WHEREAS the parties above named intend to carry on the business in partnership in the name and style of ………………………………(name of the firm) vide this Deed of Partnership.
AND WHEREAS all the parties referred to above hereby desire that the terms and conditions be reduced in writing to do away any avoidable disputes and misunderstanding that may arise in future.
NOW THEREFORE THIS PARTNERSHIP DEED WITNESSETH AS UNDER :-
1. That the partnership business shall be carried on under the name and style of ………………………………..(name of the firm).
2. That the business of the partnership firm ………………………………………………………… (Business object)etc. or any other business as may be decided from time to time mutually by all the partners to this Deed.
3. That Head Office of the partnership firm will be at ……………………… (address of the firm).The principal place of business may be shifted to such other place or places as the partners may unanimously decide from time to time.
4. That any branch may be opened under any name and style at such place or places as the partners may decide from time to time.
5. That the terms and conditions of the partnership shall be deemed to have been commenced with effect from the ………day of …………, 20……
6. That the capital required for the partnership shall be contributed by the partners as mutually agreed upon amongst the partners.
7. That the regular books of accounts of the partnership shall be maintained at the place of business which shall be closed on…………………… (eg. 31st day of March) each year and each partner shall have access to and power to have copies of the same. All the transactions entered into by them on behalf of the firm shall be faithfully recorded therein.
8. That at the end of each accounting year, the firm’s accounts shall be drawn up and the Profit & Loss Account and the Balance Sheet of the firm prepared and the Profit and/or losses falling to the share of each partner shall be credited or debited to the respective accounts.
9. That the Profit and Loss Account and the Balance Sheet shall be duly signed by any two partners and upon signing the same shall be binding and final.
10. That the Profits and Losses as per Profit and Loss Account of the partnership business shall be divided amongst the partners as under.
1. ……………… …………%
(Party of the First part)
2. …………………….
(Party of the Second part) ………….%
11. That the bank account(s) of the partnership shall be operated by any of the partner to this deed or as may be mutually decided time to time.
12. No partner, without the written consent of the all the other partners shall do or abet in doing any of the following acts:-
(i)Sell, mortgage, assign or otherwise transfer his share or interest in the partnership business or property.
(ii)Charge, mortgage, hypothecate, assign or otherwise transfer the business, property or rights of this partnership firm.
13. That the partnership is “AT WILL” and can be dissolved at any time with the mutual consent of all the parties to this deed.
14. That all the parties to this deed shall work diligently and faithfully to the common advantages of the firm and shall render true and correct information to each other.
15. That any consent or difference which may arise between the partners or their legal heirs, successors or representatives with regard to the construction, meaning and effect to this deed and/or any part thereof or in respect of the accounts, profits or losses of the business of the said firm or any other matter relating to the firm shall be referred to arbitration under the Indian Arbitration Act, 1940.

DOWNLOAD DRAFT PARTNERSHIP DEED IN WORD FORMAT


cslalitrajput

Company Secretary and graduate in B.com from the Delhi University, possesses professional experience of more than 4 years in handling Secretarial and Compliance management. Worked in Adventz Group with one of leading EPC Company, Kalindee Rail Nirman - A Div. Of Texmaco Rail & Engineering Limited (erstwhile known as Kalindee Rail Nirman (Engrs.) Ltd.) and Outcome Solutions & Services LLP deals with Process Automation, Compliance, Outsourcing needs. specialization includes handling compliances of, Merger and Amalgamation, SEBI LODR, ROC, Stock Exchanges & SCORES. Extensively involved in handling compliances of Secretarial area, SEBI, Goods & Service Tax (GST). Presently associated with S.Srinivasan & Co., Company Secretaries as Senior Secretarial Executive.

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