PARTNERSHIP
DEED
This DEED OF PARTNERSHIP made on this ……………..
day of ………………, BETWEEN:
1. Shri
…………………., Date
of Birth:…………….,Occu: Business, R/o: …………., state herein after called party of
the I part and Partner No1
2. Shri
……………………., Date
of Birth:…………….., Occu: Business, R/o: ………………………., state herein after called
party of the II part and Partner No2
WHEREAS, the parties hereto have decided to carry on the
business of partnership in RATAIL SECTOR under the name and style of …………………………..
WHEREAS,
the parties are desirous of reducing to writing the terms and conditions of
their partnership Agreement as mentioned below:
THEY HEREBY AGREE THAT:
1. The business of the Firm shall
be to deal in retail sector and to do such other business as the partners may
mutually agree.
2. The partnership shall commence
with effect from today, the ………….. day of …………………………
3. The business of the Firm shall
be carried on under the name and style of ……………………………………...
4. Duration of Firm at WILL.
5. The principal place of business
of the Firm shall be rent basis and situated at ………………………. The Firm may
however carry on the business at such other place or places as the partners may
mutually agree from time to time.
6. That the, capital investments
of the partners wherever necessary, shall be contribute by the partners
equally.
7. The profits and losses of the Firm
shall be shared or contributed by the partners in the following proportions.
1.
Shri ......................................
01%
2.
Shri ...................................... 99%
Total 100%
8. That bar of the partners so long remain a
partner of the firm carry on any other business, directly or indirectly,
similar to or competitive of the business of the kind run by the firm.
9. That the firm shall not be
closed either by death or retirement of the partner or partners but shall
continue to run either with or without successor or successors of such deceased
or out going partner or partners.
10.
That
the bank account shall be operated by the partner No.2 only.
11.
That
all the matters of disputes regarding the partnership business shall be decided
by the arbitrators duly appointed by the partners.
12.
That
the party of the first and second parts will be the working partners and shall
be responsible for carrying out the day to day functioning of the partnership
firm Viz day to day management, maintaining of accounts, office, bank affairs,
purchase and sale of goods, service, recovery of dues, income tax and sale tax
matters etc. The partners will mutually decide about the work to be under taken
by each of them.
13.
That
the books of account of the firm is and shall be maintained in language considered more convenient by the
partners. And that the account of the firm shall close 31st march of
every year.
14.
That
the books of accounts are and shall be kept at the principle place of business
of the firm and partners shall have the access on that by right.
15.
That
no new partner or partners shall be admitted to the business of the firm
without the mutual consent of the all the partners.
16.
That
the firm shall not be closed either by death or retirement of the partner or
partners but shall continue to run either with or without successor or
successors of such deceased or out going partner or partners.
17.
Both
the partners shall be just and faithful to each other.
18.
Any
dispute which may arise between the partners shall be referred to Arbitration according
to the provisions of Arbitration Law then in force and the decision of the
Arbitrator shall have binding on all partners of the Firm.
19.
The
relationship of the partners shall be governed by provisions of India
Partnership Act of 1932 or any the subsisting modification there of shall
apply.
IN
WITNESS THEREOF
we all the partners hereto have signed this deed at their free will and consent
on today .............day of ............at ..................
PARTNERS SIGNATURE
Witnesses:
1 Shri .............................
Partner No.1
1
2 Shri ...........................
Partner No.2
2
FORMS register
Of Firm by the Name:
The Firm Name:
Duration of the firm: At Will
Advocate/Chartered Accountant.
Advocate/Chartered Accountant.
Advocate/Chartered Accountant.
Advocate/Chartered Accountant.
Advocate/Chartered Accountant.
FROM NO.1
(SEE RULE NO.3)
THE INDIAN PARTNERSHIP ACT, 1932.
Application of
Registration
Of Firm by the Name:
Presented or
forwarded to the
Registrar of
Firms for filing by
We,
the undersigned being the partners of the firm hereby apply for Registration of
the said firm and for that purpose supply the following particulars, in
pursuance of section 58 of the Indian Partnership Act, 1932.
The Firm Name:
Place of Business:
(a) Principal
Place:
(b) Other
Places Nil
Name of the
partners in full Date of joining the
firm Permanent
Address in full
1
2
3
4
5
6
Duration of the firm: At Will
1
2
3
4
5
6
Station : . Signature of Partners.
Date
Shri Son of , Years of age do
hereby declare that the above statement is true and correct to the best of my
knowledge and belief and also declare that upto the date of submission of this
application there has not been any change whatever in any of the particulars
stated above.
Date:
Witnesses Signature.
Advocate/Chartered Accountant.
Shri Son
of , Years
of age do hereby declare that the above statement is true and correct to the
best of my knowledge and belief and also declare that upto the date of submission
of this application there has not been any change whatever in any of the
particulars stated above.
Date:
Witnesses Signature.
Advocate/Chartered Accountant.
Shri Son
of , Years
of age do hereby declare that the above statement is true and correct to the
best of my knowledge and belief and also declare that upto the date of
submission of this application there has not been any change whatever in any of
the particulars stated above.
Date:
Witnesses Signature.
Advocate/Chartered Accountant.
Shri Son
of , Years
of age do hereby declare that the above statement is true and correct to the
best of my knowledge and belief and also declare that upto the date of
submission of this application there has not been any change whatever in any of
the particulars stated above.
Date:
Witnesses Signature.
Advocate/Chartered Accountant.
Shri Son
of , Years
of age do hereby declare that the above statement is true and correct to the
best of my knowledge and belief and also declare that upto the date of
submission of this application there has not been any change whatever in any of
the particulars stated above.
Date:
Witnesses Signature.
Advocate/Chartered Accountant. 
Does partnership deed contents are same in every country and business???
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