Godavari Feeds
This document was uploaded by user and they confirmed that they have the permission to share it. If you are author or own the copyright of this book, please report to us by using this DMCA report form. Report DMCA
Overview
Download & View Godavari Feeds as PDF for free.
More details
- Words: 1,190
- Pages: 6
DEED OF PARTNERSHIP THIS DEED OF PARTNERSHIP executed on 5th day of
July in the year of
2007 Between :1. Shri. PRADEEP D NAYAK S/o DAYANANDA V. NAYAK aged about 34 years residing at Hittalamakki, Post Torke, Kumta ( U.K. ) - 581 344. Hereinafter called the FIRST PARTNER. 2. Smt. BHARATI PRADEEP NAYAK W/o PRADEEP D.NAYAK aged about ____ years residing at Devarbhavi Post: Torke, Kumta ( U.K. ) – 581 344. Hereinafter called the SECOND PARTNER. WHEREAS the above said parties decided 1.
To carry on the business of Cable network, Purchase and Distribution of films, documentaries, dramas and other similar entertainments via dish T.V. or other electronic and other medias.
2.
To carry on a business of Production, Distribution and Release of films documentaries and other similar entertainment work.
3. And to do other related business as the partners may decide from time to time.
NOW THIS DEED RECITES AS FOLLOWS: 1.
THE NAME and style of the firm shall be M/S. GODAVARI FEEDS or such other name or names as desired by the partners from time to time.
2. THE PLACE of Business shall be at At Hittalamakki, Post Torke, KUMTA ( U.K. )-581 344 or at such other place or places as the partners may decide from time to time. 3. THE PARTNERSHIP BUSINESS shall be at that of to do the following : 1)
To carry on the business of Cable network, Purchase and Distribution of
films, Documentaries, dramas and other similar entertainments via dish T.V. or other electronic and other Medias. 2) To carry on a business of Production, Distribution and Release of films Documentaries and other similar entertainment work. 3) And to do other related business as the partners may decide from time to time. 4. THE PARTNERSHIP shall be deemed to commence on the date of this deed of Partnership signed by all the parties thereto and shall be a PARTNERSHIP AT WILL. 5.
THE REQUIRED CAPITAL shall be brought in to the firm under such terms and conditions as and when the parties as find the same necessary they mutually agreed upon.
6.
ALL THE PARTNERS shall carry on the business of the firm to the greatest common advantage, be just and faithfully to each other and to render true accounts and full information of all things affecting the firm to any person or his legal representative.
7.
PROPER BOOKS OF ACCOUNTS as are usually in this line of trade be maintained and the partners are at liberty to inspect the same and extract copies therefrom at all reasonable time.
8.
ON THE 31st DAY OF MARCH every year or at such other intervals as the parties may mutually agree the accounts of the firm shall be closed and annual statement of accounts shall be prepared.
9.
THE PROFIT or loss shall be shared by the partners in Equal Ratio:
10.
THE FIRM SHALL pay interest at the rate of 12% (Eighteen percent) per annum on the actual balance in capital account of each partner on daily product basis. If there is any loss in the business, after charging admissible depreciation as per the Income Tax Act, 1961, no interest shall be paid to the partners and if the profit of the year is insufficient to absorb the whole of the amount of interest, such interest shall be paid only to the extent that income of the firm is reduced to nil and payment of interest to the partners shall be reduced in the same proposition on the amount of interest payable to them bore to each other if no reduction in the amount of interest payable had occurred.
11.
ALL THE PARTNERS shall be WORKING PARTNERS and they shall perform such duty from time to time as mutually agree and each shall be entitled for remuneration.
12.
THE AMOUNT of remuneration payable shall subject to the following mentioned conditions: On the first 75,000 of the book profit of the firm or in case of loss 90% of such book profits divided equally amongst the working partners. On the next 75,000 of the book profits of the firm 60% of such book profits divided equally amongst the working partners On the balance of book profits of the firm 40% of such book profits divided equally amongst the working partners 1. The partners have agreed that the remuneration to a working partner will be the amount of remuneration allowable under the provisions of Section 40(b)(v) of the Income Tax Act; or 2. The amount of remuneration to working partner will be as may be mutually agreed upon between partners at the end of the year.
13.
NO PARTNER shall be entitled to assign his or her shares or part of his shares in partnership to any one.
14.
THE FIRM shall maintain one or more Bank Account with one or more Banks of repute and that account or accounts in Bank or Banks shall be operated by any of the partners or in accordance with the instructions given by the partners in writing to such Bank or Banks.
15. THE PARTNERS may borrow for the firm such sums of money as may be required for the business of the partnership on such terms and conditions as may be decided by the partners from time to time. Any deed, document, agreement that may be required to be executed for such purpose shall be executed by all the partners. 16. ANY PARTNERS may retire from the partnership by giving not less than three months notice in writing to the other partners of his intention to retire and such partner shall cease to be partner from the date so specified. 17.
NO OUTGOING Partner (including a retired, deceased, insane or bankrupt partner) or any person claiming through him shall be entitled to any share in the goodwill amount standing to the credit of his capital and current account.
18. ANY CHANGES to this deed of partnership may be affected with the unanimous consent of all the partners. 19.
20.
ON MUTUAL consent of all the partners, new person or persons may be admitted in to as incoming partner or partners on such terms and conditions as may be decided. NO PARTNER SHALL have authority :To submit the dispute relating to the business of the firm to arbitration. To comprise or relinguish any claim or portion of a claim by the firm. To open a bank account on behalf of the firm in his own name. To withdraw suit or proceedings filed on behalf of the firm. To admit any liability in a suit or proceedings against the firm. To acquire immovable property on behalf of the firm. To enter in to Partnership with a stranger on behalf of the firm.
(a) (b) (c) (d) (e) (f) (g)
MATTERS ON WHICH no provision has been made shall be governed by the provision of the INDIAN PARTNERSHIP ACT 1932. IN WITNESS WHEREOF THE PARTNERS THERETO HAVE HEREIN TO SET AND SUBSCRIBED THEIR RESPECTIVE HAND ON THE DAY, MONTH, AND YEAR HEREIN ABOVE WRITTEN IN PRESENCE OF THE FOLLOWING WITNESS: WITNESS: 1.
FIRST PARTNER
2.
SECOND PARTNER
July in the year of
2007 Between :1. Shri. PRADEEP D NAYAK S/o DAYANANDA V. NAYAK aged about 34 years residing at Hittalamakki, Post Torke, Kumta ( U.K. ) - 581 344. Hereinafter called the FIRST PARTNER. 2. Smt. BHARATI PRADEEP NAYAK W/o PRADEEP D.NAYAK aged about ____ years residing at Devarbhavi Post: Torke, Kumta ( U.K. ) – 581 344. Hereinafter called the SECOND PARTNER. WHEREAS the above said parties decided 1.
To carry on the business of Cable network, Purchase and Distribution of films, documentaries, dramas and other similar entertainments via dish T.V. or other electronic and other medias.
2.
To carry on a business of Production, Distribution and Release of films documentaries and other similar entertainment work.
3. And to do other related business as the partners may decide from time to time.
NOW THIS DEED RECITES AS FOLLOWS: 1.
THE NAME and style of the firm shall be M/S. GODAVARI FEEDS or such other name or names as desired by the partners from time to time.
2. THE PLACE of Business shall be at At Hittalamakki, Post Torke, KUMTA ( U.K. )-581 344 or at such other place or places as the partners may decide from time to time. 3. THE PARTNERSHIP BUSINESS shall be at that of to do the following : 1)
To carry on the business of Cable network, Purchase and Distribution of
films, Documentaries, dramas and other similar entertainments via dish T.V. or other electronic and other Medias. 2) To carry on a business of Production, Distribution and Release of films Documentaries and other similar entertainment work. 3) And to do other related business as the partners may decide from time to time. 4. THE PARTNERSHIP shall be deemed to commence on the date of this deed of Partnership signed by all the parties thereto and shall be a PARTNERSHIP AT WILL. 5.
THE REQUIRED CAPITAL shall be brought in to the firm under such terms and conditions as and when the parties as find the same necessary they mutually agreed upon.
6.
ALL THE PARTNERS shall carry on the business of the firm to the greatest common advantage, be just and faithfully to each other and to render true accounts and full information of all things affecting the firm to any person or his legal representative.
7.
PROPER BOOKS OF ACCOUNTS as are usually in this line of trade be maintained and the partners are at liberty to inspect the same and extract copies therefrom at all reasonable time.
8.
ON THE 31st DAY OF MARCH every year or at such other intervals as the parties may mutually agree the accounts of the firm shall be closed and annual statement of accounts shall be prepared.
9.
THE PROFIT or loss shall be shared by the partners in Equal Ratio:
10.
THE FIRM SHALL pay interest at the rate of 12% (Eighteen percent) per annum on the actual balance in capital account of each partner on daily product basis. If there is any loss in the business, after charging admissible depreciation as per the Income Tax Act, 1961, no interest shall be paid to the partners and if the profit of the year is insufficient to absorb the whole of the amount of interest, such interest shall be paid only to the extent that income of the firm is reduced to nil and payment of interest to the partners shall be reduced in the same proposition on the amount of interest payable to them bore to each other if no reduction in the amount of interest payable had occurred.
11.
ALL THE PARTNERS shall be WORKING PARTNERS and they shall perform such duty from time to time as mutually agree and each shall be entitled for remuneration.
12.
THE AMOUNT of remuneration payable shall subject to the following mentioned conditions: On the first 75,000 of the book profit of the firm or in case of loss 90% of such book profits divided equally amongst the working partners. On the next 75,000 of the book profits of the firm 60% of such book profits divided equally amongst the working partners On the balance of book profits of the firm 40% of such book profits divided equally amongst the working partners 1. The partners have agreed that the remuneration to a working partner will be the amount of remuneration allowable under the provisions of Section 40(b)(v) of the Income Tax Act; or 2. The amount of remuneration to working partner will be as may be mutually agreed upon between partners at the end of the year.
13.
NO PARTNER shall be entitled to assign his or her shares or part of his shares in partnership to any one.
14.
THE FIRM shall maintain one or more Bank Account with one or more Banks of repute and that account or accounts in Bank or Banks shall be operated by any of the partners or in accordance with the instructions given by the partners in writing to such Bank or Banks.
15. THE PARTNERS may borrow for the firm such sums of money as may be required for the business of the partnership on such terms and conditions as may be decided by the partners from time to time. Any deed, document, agreement that may be required to be executed for such purpose shall be executed by all the partners. 16. ANY PARTNERS may retire from the partnership by giving not less than three months notice in writing to the other partners of his intention to retire and such partner shall cease to be partner from the date so specified. 17.
NO OUTGOING Partner (including a retired, deceased, insane or bankrupt partner) or any person claiming through him shall be entitled to any share in the goodwill amount standing to the credit of his capital and current account.
18. ANY CHANGES to this deed of partnership may be affected with the unanimous consent of all the partners. 19.
20.
ON MUTUAL consent of all the partners, new person or persons may be admitted in to as incoming partner or partners on such terms and conditions as may be decided. NO PARTNER SHALL have authority :To submit the dispute relating to the business of the firm to arbitration. To comprise or relinguish any claim or portion of a claim by the firm. To open a bank account on behalf of the firm in his own name. To withdraw suit or proceedings filed on behalf of the firm. To admit any liability in a suit or proceedings against the firm. To acquire immovable property on behalf of the firm. To enter in to Partnership with a stranger on behalf of the firm.
(a) (b) (c) (d) (e) (f) (g)
MATTERS ON WHICH no provision has been made shall be governed by the provision of the INDIAN PARTNERSHIP ACT 1932. IN WITNESS WHEREOF THE PARTNERS THERETO HAVE HEREIN TO SET AND SUBSCRIBED THEIR RESPECTIVE HAND ON THE DAY, MONTH, AND YEAR HEREIN ABOVE WRITTEN IN PRESENCE OF THE FOLLOWING WITNESS: WITNESS: 1.
FIRST PARTNER
2.
SECOND PARTNER
Related Documents
Godavari Feeds
April 2020 3
Feeds
June 2020 9
Rss Feeds
June 2020 16
Feeds Y Rss
June 2020 24
Feeds Y Rss
June 2020 22