PARTNERSHIP DEED (1)

Mr. Sunil Biradar aged about 35 years, S/o. Channappagowda, residing at No.
Karnataka Bank
Hattir Almel -586202.
PAN No. CSGPB4051A.
Herein after be referred to as the party of the SECOND PART,
(Which expression shall include the heirs, successors, assignees, executors, administrators and the
representatives of the respective parties).
WHEREAS, the parties of the FIRST PART, SECOND PART, THIRD PART AND FOURTH PART of this
Deed have agreed to form a Partnership Firm to conduct the business of Home interiors and
decoration trading and services under the name and style of SUCHI FOOD PRODUCTS.
AND it is deemed expedient and desirable to reduce the terms and conditions governing this Deed
of Partnership into writing:
NOW, THEREFORE, THIS DEED OF PARTNERSHIP WITNESSETH AS UNDER:
In this Deed, the following terms shall have the following meaning lest it should be repugnant to
the meaning of the term in common parlance and except as otherwise specially modified or given
a different meaning:
1.Name :
1
That the name and style of the Partnership business shall be
SUCHI FOOD PRODUCTS or Catering any other name as the partners may mutually
decide from time to time.
2.Domicile: No.16/20, Hanumanthasagar, Main Road,Madanaykanahalli, Bangalore-562162. The

place may be changed from time to time with mutual consent of all the parties to the Deed.
Nature of Business :
The Partnership shall carry on the business Packed Food Projects and Hotel or businesses as
the partners may mutually determine from time to time.
This Partnership shall be deemed to have commenced from 9th July, 2024.
Capital :
That the Initial Capital of the Firm shall be Rs. 300,000/- (Rupees Three lakhs only) contributed as
per the share ratio mentioned hereunder:
Mrs. Savitri Kallappa Rabashetti Rs. 150,000/-
Mr. Sunil Biradar Rs. 150,000/-
In case if the Firm requires more funds then the same shall be brought in by the partners
named above in the same proportion as per their ratio as may be agreed upon between
parties hereto from time to time and interest may be paid at the rate of interest at 12% p.a.
Profit & Loss :
That the profit and losses of the business shall be shared by the partners in the following
proportions:
That the profit and losses of the business shall be shared by the partners in the
following proportions:
Mrs. Savitri Kallappa Rabashettu 75%

Mr. Sunil Biradar 25%
1. Remuneration :
That all the PARTIES referred above shall attend diligently to the
business of the Partnership and carry on the same for the greatest
advantage of the Firm. The Partners shall be entitled to equal
remuneration by mutual deciding among the all partners at Firm.
2. Books of Account :
That the regular books of accounts shall be maintained which shall be
kept at the registered office of the business and would be open for
inspection at all reasonable time to all the partners or their authorized
representatives who will be free to take copies thereof. The accounts
shall be closed annually on 31 st of March every year and profit and
losses shared in the profit sharing ratio as referred to above in Clause
No. 5.
3. Managing / Working Partners :

The Partnership firm all the partner shall be considered working partner
of the firm who shall faithfully employ themselves in the conduct and
management of the business and promote the same in the best
possible manner as working partners and they are entitled to draw
Remuneration as per Clause 6 above.
4. Bank Accounts and Operation :
2
That bank accounts in name of the Firm shall be opened in any PSU
Bank/Private Bank/MNC Bank or a Co–Operative Bank as per the choice
of the Partners and shall be operated any two partners.
5. Duration :
That the duration of the partnership shall be ONE AT WILL. In the event
of any of the partners desire to retire from the firm, he/she shall give
ONE month notice in writing of his/her intention to do so, to the other
partners referred herein above.
6. Borrowing of Loan/s:
That no Partners are authorized to borrow loans in the name of the
firm, unless expressly agreed by all the partners. Such consent by all
partners should be expressly recorded in writing. Accordingly the
partners may borrow loan/s only for the purposes of the business/es of
the firm and they shall be borrowed only in the name of the firm and all
the partners shall sign all the documents connected with the raising of
such loan/s.
7. Powers to Carryout Business :

It is agreed upon by all the partners that any partner shall solely
operate the day to day activities of the business including representing
and signing on behalf of the firm with any government bodies, revenue
department, filing vakalath in any court of law, all over India to protect
the interest of the firm.
The Party of the all Partners shall also employ whatever manpower that
may be required to market the products of the firm and is at liberty to
fix consideration on behalf of the firm.
The Party of the all partners shall also sign any documents like Sale
Agreements/Sale Deeds/Rectification Deeds/Mortgage Deeds or any
such deeds of conveyance for purchase or sale of Property in any of the
concerned Jurisdictional Sub-Registrar.
8. Admission :
That the new partner may be introduced with the consent of all
partners. Such new partner shall give his prior consent to act as
partner of the firm. The contribution of partner may be tangible,
intangible, moveable or immoveable property and the incoming
partner shall bring such contribution as agreed upon. The profit sharing
ratio of the incoming partner shall be may be mutually agreed upon the
time of such admission of the new partner.
9. Other Terms and Duties of Partners :
I. Upon mutual understanding, each Partner or his/ her duly
authorized agent shall have free access to the account books of the
Partnership and shall be entitled to take copies or extracts from any
or all such books and records of the Partnership Business.
II. That no Partner shall do any act or thing whereby FIRM or the FIRM
property may be prejudicially affected.
3
III. That the terms of the Partnership Deed may be altered, added to or
cancelled by the written consent of the Parties to this DEED.
10. Arbitration :
The liability limited only to capital of the firm and assets of the firm
none of the any partners of the personal assets in the case of any
dispute arising out of this DEED between the PARTIES of this DEED; it
shall be decided by Arbitration as provided for under the Arbitration
law in India.
IN WITNESS WHERE OF, the parties hereto have set their hands in presence of
the witnesses on the day afore mentioned at Bangalore
WITNESS:
1. Party of First Part
2. Party of Second Part

PARTNERSHIP DEED (1)

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PARTNERSHIP DEED (1)

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Mr. Sunil Biradar aged about 35 years, S/o. Channappagowda, residing at No.

NOW, THEREFORE, THIS DEED OF PARTNERSHIP WITNESSETH AS UNDER:

2.Domicile: No.16/20, Hanumanthasagar, Main Road,Madanaykanahalli, Bangalore-562162. The

Mrs. Savitri Kallappa Rabashettu 75%

3. Managing / Working Partners :

4. Bank Accounts and Operation :

7. Powers to Carryout Business :

1. Party of First Part

2. Party of Second Part

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