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All Day Profit Partnership Deed

This document is a Retirement Cum Amendment Deed executed on November 1, 2024, involving partners of the firm 'M/s. ALLDAYPROFIT SERVICES'. It outlines the retirement of a partner, the transfer of assets and liabilities to the continuing partners, and the new profit-sharing ratio. The deed confirms that the retiring partner will not be liable for any future claims or taxes related to the business after their retirement.

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0% found this document useful (0 votes)
39 views3 pages

All Day Profit Partnership Deed

This document is a Retirement Cum Amendment Deed executed on November 1, 2024, involving partners of the firm 'M/s. ALLDAYPROFIT SERVICES'. It outlines the retirement of a partner, the transfer of assets and liabilities to the continuing partners, and the new profit-sharing ratio. The deed confirms that the retiring partner will not be liable for any future claims or taxes related to the business after their retirement.

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enumulakumar1976
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© © All Rights Reserved
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Tinple Vini: i ie, : Boorrs ‘Aci TELANGANA y 089734 tants 2eonpcaorss | rl License SeadiP VERDOR ‘Le, No. 1510-0032018 RenNo,15-10.0802022 PLOT NO.943, EMT RETIREMENT CUM AMENDMENT DEEp® 72 co.ow MANDAL, RANGA REDDY ISTRICT THIS DEED OF ADMISSION CUM RETIREMENT DEED made and executed on 1* November 2024 between: 4. Mr. MAHESH P.V, S/o Lokesh P,’aged 11 years, resident of D No. 216, 9Cross, Nearkannikakaveri Convent, Hebbal 1s Stage, Mysore 570017 (Herein after called as party of the First part). '2. Sri. Lokesh P, S/o. Somaraju P, aged about 40 years, resident of D.No. 216 ' 9'Cross, Nearkannikakaveri Convent, Hebbal 1s Stage, Mysore 570017 3. Smt. Lakshmi P w/o Lokesh P. aged 30 years, resident of D.No 216, 9Cross, Near kannikakaveri Convent, Hebbal 15 Stage, Mysore 570017 4 RETIRINGPARTNER * GQNGAMHOHMSARAGEING PARTNERS 11, Maholhh PV. 1 Vdnwe t ALON Designated Partner : t ALLDAYPROFIT SERVICES (doi 1 (osbe> 1 e Designated Partner WHEREAS the Parties 1,2and 3 here-to-above are formed for the purpose of doing Distribution business of Pearl Bottling Pvt Ltd for in and around Rajahmundry area for its Cool Drinks, Mineral Water etc, under the name and style of “M/s. ALLDAYPROFIT SERVICES” at Door No. Spring Villa, Villa 48, Nizampet, Hyderabad-500049 Telangana. They have constituted themselves into Partnership Firm on 22-12-2016 under Indian Partnership ‘Act, 1932 We offer a diverse range of services across various sectors on a global scale, supported by a team of seasoned professionals. Our operations encompass both onsite and offshore services worldwide. We tailor our services and consultancy to meet the specific needs of our clients, Software development, updates, and maintenance services, Financial consultancy and services, Mobile application development and related services, Interior design and associated services, Film production services, including scriptwriting, photography, casting, editing, and other related activities, Revenue generation, contract management, and supply services, Supply and services related to infrastructure and building materials, Pharmaceutical services, Agricultural products, distribution, and supply services and any other similar activities related to above. WHEREAS 1. The retiring partner does not have any interest/ right in the business carried on by the firm “M/s. ALLDAYPROFIT SERVICES” since the business is taken over with all Assets and Liabilities as going concern. 2. That the Assets and Liabilities of the firm shall be taken over by the continuing partners. 3. The retiring partner has no right on the Assets of firm and similarly is not connected with future liabilities contracted by the firm that relate to business carried after execution of this retirement deed. 4. The retiring partner shall not be liable for any loss, damage or Liability that may emanate from the activities of firm carried after date of retirement. Any Taxes, like GST, Income Tax and any other taxes that may arise shall be borne by continuing partners similarly; any claim by third party against firm shall be borne by the continuing partners. RETIRING PARTNER ALLDA@NGENSAGGeADMITING PARTNERS 1 Mahetth &V- Pee Designated Partner ALLDAYPROPIE SERVICES ALORS iT SERVICES 3) Aovdian) 2+ : (bebe 3 Designated Partner Designated Partner WHEREAS after retirement of the First partner, the remaining partners herein joined together to carry on business as going concern basis and all the terms & conditions agreed by them as original partnership deed dated 22-12-2016 except Nature of business above, address change as above and profit sharing ratio mentioned below: 1. Lokesh P : 90 Percent 2. Lakshmi P TOTAL : 10 Percent 100 Percent This Retirement Cum Amendment Deed shall come into operation with effect from 01s November day of 2024. This deed of Retirement and amendment is executed with the free will and consent of all the partners. eee ui GRIEROENNERMIAEAMITING PARTNERS 1. Maheshh f. 1. RO rere ALLOA ee staves pesignated Partnehi .DAYPROFIT SERVICES ssi = ariner Designated Partner WITNESSES: 1. P. Shiva keridhna oe Maheth- (PoLAMARASETTI SHIVA eesnws) — (‘folanaeaseTT! Mahesh) slate Cc. SUBBA Ré AO PY harany ovocate

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