PARTNERSHIP DEEDTHIS INDENTURE OF PATNERSHIP DEED is made and executed at Ulhasnagar-1, District Thane, in the state of MAHARASHTRA, on this day of AUGUST, 2013, BETWEEN:(1) DR. ANIL HEROOR, PAN-AAPPH2552M, aged about 43 years, Occupation Medical Practitioner, inhabitant of Thane, hereinafter called as the PARTY OF THE FIRST PART. (2) DR. SUNIL DIGAMBAR BHOSALE, PAN AAWPB4770A, Aged about 53years, Occupation Medical Practitioner, inhabitant of Anant layori Hospital, Kolsewadi, Kalyan (E). Ulhasnagar, hereinafter called as the PARTY OF THE SECOND PART. (3) DR. AJAY KESHAV GAWALE, PAN, Aged about 56 years Occupation Medical Practitioner, inhabitant of Swastik Hospital , Kurla Camp , Ulhasnagar-4, Hereinafter called as the PARTY OF THE THIRD PART AND (4) DR. AMBADAS ANANT RODE, PAN, Aged about 54 years Occupation Medical Practitioner inhabitant of Dombivali, Hereinafter called as the PARTY OF THE FOURTH PART. WHEREAS, the parties here-into have agreed upon to do business in partnership in Medical Practice, Laboratories and Diagnostic Centre and as such any other business as may be agreed upon by and between the parties hereto have decided to reduce in writing the terms and conditions under which they have agreed to carry on business in partnership. Ulhasnagar -1. 3. or at any place or places as may be mutually agreed upon by parties. THAT the Partnership Business shall be deemed to be commenced with effect from 1st day of AUGUST. 5. THAT the Account of partnership in Bank/Banks shall be opened at any Bank or Banks and the same will be operated as mutually agreed by and between the parties hereto. THAT the partnership business shall be carried in the same name and style of M/S. AMBADAS ANANT RODE . Diagnostic Centre and as such any other business as the parties from time to time agree upon. Laboratories. ANIL HEROOR DR. and/or under such any other name or names as the parties hereto may be mutually agreed upon. THAT in respect of the business place of the firm it is decided by and between the partners hereto that the Head Office of the Firm would be at: ______________________________________. 2013 (01/08/2013) and duration of the partnership “ AT WILL” of the parties hereto. THAT the regular Books of Accounts shall be maintained in respect of the partnership and Account shall be closed annually observing Financial Year and a statement of al assets and liabilities and profit and loss Account shall be prepared and the net profit or Loss of every year shall be divided among or borne by the parties hereto as under. 25% 25% 25% 25% 100% 6. PIN-421 103. 2. (I) (II) (III) (IV) DR. AJAY KESHAV GAWALE DR. AND Branch Office at: ______________________. MAMTA HEALTH CARE. That the business of the partnership Firm shall be that as Medical Practice.NOW THIS INENTURE AND it is hereby agreed by and between the parties hereto Follows :- 1. SUNIL DIGAMBAR BHOSALE DR. 4. 10.000/.00. It is agreed by and among the parties hereto that all the partners shall be entitled to have interest at the rate of 12% per annum on the amounts standing to their respective capital . Funds or Extra Investment will be decided mutually by and between the parties hereto. On the first Rs.000/. It is hereby agreed that all the partners are working partners and are actively engaged in conducting the affairs of the business of the firm and are entitled to receive remuneration/salary from the commencement of the Partnership Business. It is also agreed that if there be debit balance in the account of any partner/partners. 1961 or any statutory modification or re-enactment thereof for the time being inforce.50. AJAY KESHAV GAWALE DR. ANIL HEROOR DR. interest at the rate of 12% per annum or such any other rate. loan.of book Profit or in case of a Loss On the balance of book profit @90% of the book profit or Rs. 1. @60% of the book profit EXPLANATION : For the purpose of this clause the expression “ Book Profit” as defined in section 40(b) of the income Tax Act. SUNIL DIGAMBAR BHOSALE DR. 9. 11. 8. AMBADAS ANANT RODE 25% 25% 25% 25% 100% .7. deposit or current Accounts or at such higher rate as many be allowed under section-40(b) of Income Tax Act-1961 or at any Lower Rate as may be mutually agreed upon by the parties/partners consideration the need of the business. financial position of the business of the firm or for any other reasons which they may think proper.50. the capita will be contributed by all or any of the partners hereto as mutually agreed upon and additional arrangement of the loans. if required . 3. The total remuneration payable to all the partners shall be worked as under.whichever is more. as may be mutually agreed upon by the partners shall be payable to the firm by him/them. Such total remuneration shall be paid to the partners as follows:(I) (II) (III) (IV) DR. The fix Capital of the partnership Firm Shall be RS.(Rupees Fifty Thousand Only) and further.000/. That the partners may carry on any business over and above this partnership business in his individual capacity and/or in partnership with other which will not in any way affect interest/profitability of this partnership concern. 16. of the firm shall be kept at the place of the firm. alter or verify the term and conditions of the partnership Deed in any manner what-so-ever they think fit. THAT the partners shall attend diligently to the partnership for the best advantage of the partnership Firm 17. 18. And the same amount of loan will be utilized in the Business/interest of the firm. 15. 13. 21. That no partner shall enter into a bond or become a bail or surety or per-security for any person whereby the partners property or any part thereof may be sized or attached or taken into execution.The remuneration payable to the working partners as above. which shall be reduced into writing and be signed by all the partners and thereupon the said writing shall become appendage and part of this Deed. That no partner shall take any loan in the name of the firm except with the concept of all partners. 19. registers. That the partners shall be entitled to withdraw money out of the Partnership business with mutual consent of remaining partner. vouchers and correspondence including the bill and vouchers for payment and receipt thereof. That the partner shall be faithful to each other in transaction related to the partnership and shall at all times give just to each other and faithful accounts of the same and also upon any responsible partner shall furnish the full and correct explanation thereof to each other. shall be credited to their respective account or ascertainment of books profits. 20. 12.5 of the partnership Deed. files. The right and obligations of the parties hereto shall be governed by the Indian Partnership Act and any o9ther law of the time being in force regularising the same. . All account books relevant papers. Not-With-standing any thing stated or provided herein the parties shall have full powers and discretion to modify. by mutual consent. 14. The accounts of the partnership Firm shall be taken annually on 31st March every year and profit and Loss Account and balance sheet shall be prepared and accounts of the partners shall be adjusted as per clause No. deeds and things. If any partner desire to retire from the partnership Firm shall have to give three-(3) months prior Notice to that effect of his retirement. State Government or semi. Tribunal. Excise. 23. Magistrate or any Government or semiGovernment or Municipal or Local Bodies/Authorities or officer or before any Company.22. and things. as may be required for the aforesaid purpose for and on behalf of the firm and other partners and they shall be executed and done by all the partners had authorized such partner to do and each of the parties hereto hereby appoint aforesaid acts. 25. Any partner of the partnership firm will be entitled to represent the firm and other partners in connection with the business and affairs of the firm before any income tax sale tax. All disputes and difference and questions whatsoever which shall either during the partnership or afterwards arise between the partner or their respective representatives of the other touching these presents or things herein contained or any account of assets. Retirement or Insolence of any partner shall not dissolve the firm and the remaining partners shall be entitle to continue the business of the firm as before subject to the determination of share of the deceased. retired or insolvent partner as the case may be. deeds. execute and do such acts. debts or liabilities to be made or as to any way relating to the partnership Business or the affairs thereof the duties of the liabilities or any person under this present shall be referred to a single arbitration in case the parties agreed upon one or otherwise two arbitrators or one to be appointed by cash party to the difference in accordance with the subject to the Indian Arbitration Act-1940 or any statutory modification thereof for the time being in force. Death.Government Officer or authorities and before Court. . firm or person will be entitled to sing. 24. Central. SEALED AND DELIVERED BY THE WITHINNAMED DR.IN THE WITNESSES WHEREOF THE PARTIES HERE TO HAVE SET SUBSCRIBED THEIR RESPECTIVE HANDS TO THIS DEED OF PARTNERSHIP ON THE DAY. MONTH AND YEAR MENTIONED HEREINABOVE IN PRESENCE OF THE WITNESSES: SIGNED. AJAY KESHAV GAWALE IN THE PRESENCE____________________ _____________________________________ | | | DR. SUNIL DIGAMBAR BHOSALE IN THE PRESENCE____________________ _____________________________________ | | | DR. AMBADAS ANANT RODE IN THE PRESENCE____________________ _____________________________________ WITNESSES : 1) 2) | | | . ANIL HEROOR | | | | | IN THE PRESENCE____________________ _____________________________________ DR.