DEED OF PARTNERSHIP

THIS DEED OF PARTNERSHIP is made at Raipur [Chhattisgarh] on the 13th day of April 2022;
BY AND BETWEEN:

(1) SUBUHI PARVEEN, D/o Shri Yusuf Ali, aged about _______- years, resident of 513, Muir
Road, Rajapur, Allahabad, U.P., 211002 [hereinafter called Partner of the FIRST PART];

AND

(2) SHAHLA PARVEEN, D/o Shri Yusuf Ali, aged about _______- years, resident of 513, Muir
Road, Rajapur, Allahabad, U.P., 211002 [hereinafter called Partner of the SECOND PART];

THE EXPRESSION, the partners hereto of the FIRST & SECOND part shall unless contrary or
repugnant to the context, include heirs, executors, legal representatives, and administrators of their
respective parts and;

WHEREAS the partners hereto of the FIRST & SECOND part are desirous of joining hands with
one another to commence and carry on the business in the partnership and;

WHEREAS it is deemed expedient to reduce into writing the terms, conditions & stipulations,
under which the said partnership shall be carried on.

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NOW, THIS INDENTURE WITNESSES AS FOLLOWS:

(1) NAME OF THE PARTNERSHIP FIRM:

The business of the Partnership shall be carried on under the name & style as "M/S
RELIANT AT HOME" or any other name as the Partners may agree upon from time to
time.

(2) PRINCIPAL PLACE OF BUSINESS OF PARTNERSHIP AND ITS BRANCHES, IF ANY:

The Head Office of this Partnership business shall be at “39K/9F/1, Bajupur, Kareli,
Allahabad City, Prayagraj, 211016,” or such other place or places as the Partners may
decide from time to time.

(3) COMMENCEMENT AND NATURE OF BUSINESS OF PARTNERSHIP FIRM:

The Partnership business was commenced on the 13 th day of April, Two Thousand Twenty-
Two (13.04.2022) and shall be for carrying business of:

(a) To purchase any land, plot(s) of land or immovable property or any right or interest therein
either singly or jointly or in Partnership with any person(s) or Body corporate or partnership
Firm and to develop and construct thereon residential, commercial complex or complex(es)
either singly or jointly or in partnership as aforesaid, comprising offices for sale or self-use
or for earning rental income thereon by letting out individual units comprised in
such building(s). 

(b) To purchase any movable or immovable property including industrial, commercial,

residential, or farmlands, plots, buildings, houses, apartments, flats or areas within or outside
the limits of Municipal Corporation or other local bodies, anywhere within the Domain of
India, to divide the same into suitable plots, and to rent or sell the plots for
building/constructing residential houses, bungalows, business premises, and colonies and
rent or sell the same and realize the cost in lumpsum or easy instalments or by hire purchase
system and otherwise.

(c) To purchase, sell and otherwise carry on the business such as builders, contractors, architects,
engineers, Estate agents, decorators and surveyors.

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(d) To purchase for resale and to trade in land and house and other immovable property of any
tenure and any interest therein, and to create, sell and deal in freehold and leasehold ground
rents, and to deal in trade by way of sale,  or otherwise with land and house property and any
other immovable property whether real or personal.

(e) To construct, execute, carryout, equip, support maintain, operate, improve, work, develop,
administer, manage, control and superintend within or outside the country anywhere in the
world all kinds of works, public or otherwise, buildings, houses and other constructions or
conveniences of all kinds, which expression in this deed includes roads, railways, and
tramways, docks, harbors, Piers, wharves, canals, serial runways and hangers, airports,
reservoirs, embankments, irrigation, reclamation, improvements, sewage, sanitary, water,
gas, electronic light, power supply works, and hotels, cold storages, warehouses, cinema
houses, markets, public and other buildings and all other works and conveniences of public
or private utility, to apply for purchase or otherwise acquire any contracts, decrees,
concessions, for or in relation to the construction, execution, carrying out equipment,
improvement, administration, or control of all such works and conveniences as aforesaid and
to undertake, execute, carry out, dispose of or otherwise turn to account the same. 

(f) Any other business as the Partners may decide mutually from time to time.

(4) TIME DURATION OF PARTNERSHIP FIRM:

The partnership shall be partnership “AT WILL”. Provided, however, that the Partner
desiring to retire from the firm shall give one calendar month's notice in writing.

(5) FIRST ACCOUNTING YEAR OF THE PARTNERSHIP FIRM:

The first accounting year of the firm shall start on 13.04.2022 and will be up to end on
31.03.2023 and the accounting year of the firm shall be the financial year and it shall be open
to the partners to change the same by mutual agreement.

(6) KEEPING OF BOOKS OF ACCOUNT OF PARTNERSHIP FIRM:

The usual books of account shall be kept and maintained properly posted up and shall not be
removed from the place of business without the previous consent of all the partners. Each
partner shall have free access to them at all times and shall be at liberty to make such extracts
therefrom as he may think fit.

(7) BANK ACCOUNT:

Each partner shall pay all sums of money, cheques and negotiable instruments received on
account of the firm into the firm's bank account(s), which shall be operated upon by any
partner and all the partners will be competent to operate the bank account individually.

(8) CAPITAL REQUIREMENT OF THE PARTNERSHIP FIRM:

Capital requirement of the Partnership shall be furnished or arranged for by all the partners
equally or as they shall mutually agree. Interest @ 12% per annum or as may be prescribed
under section 40(b)(iv) of the Income-tax Act, 1961 or any other applicable provisions as
may be in force in the Income-tax assessment of the Partnership Firm for the relevant
accounting period shall be payable to the partners on the amount standing to be the credit of
the account of the partners. Such interest shall be calculated & credited to the account of each
partner at the close of the accounting year.

(9) APPLICABILITY OF INTEREST:

However, in the case of loss or lower income, the rate of interest can be NIL or lower than
12% as may be agreed to by and between the partners from time to time.

(10) REMUNERATION OF WORKING PARTNERS:

All the partners will manage the business affairs of the firm by devoting their time, utilization
of skills and experience and devote their attention to the conduct of the affairs of the firm, as
the circumstances and business needs may require and they will be treated as working
Partner. In order to remunerate the working partners for their work, it is decided that the
remuneration payable to partners shall be as under:-

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 (i) The remuneration payable to working partners shall be calculated at the prescribed
percentage of the “BOOK PROFIT” under the relevant provision of the Income Tax
Act, as amended from time to time;

(ii) For the purpose of the above calculation, “BOOK PROFIT” shall be computed as
defined in Section 40(b) of the Income Tax Act, 1961 or any other applicable
provision as may be in force for the Income Tax assessment of the Partnership Firm
for the relevant accounting period.

(iii) The remuneration payable to the above-said partner shall be credited to their
account(s) at the close of the accounting period when final accounts of the
partnership are made up and the amount of remuneration shall fall due to him as
determined in the above manner.

(iv) The present slab as per Income Tax Act, 1961 is as under:

(a) On the first Rs.3,00,000/- of Rs.1,50,000/- or at the rate of 90%

book profit or in case of loss of the book profit, whichever is
more
(b) On the balance of the book At the rate of 60%
profit

(v) The total remuneration so calculated will be distributed amongst the working
partners as under:-

PARTNER OF THE FIRST PART : 50%

[SUBUHI PARVEEN ]

PARTNER OF THE SECOND PART : 50%

[SHAHLA PARVEEN]

However, in case of loss or lower-income, remuneration can be NIL or lower than above as
may be agreed to by and between the partners from time to time. The partners may change
the remuneration at any time after recording it in writing.

(11) SHARING OF PROFITS AND LOSSES OF THE PARTNERSHIP FIRM:

The net profit or loss of the partnership business as per the accounts maintained by the
Partners after deduction of all expenses relating and incidental to the business of the
partnership including rent, salaries other establishment expenses as well as interest on capital
and/or remuneration to working partner (if any) in accordance with the clauses of the
Partnership deed shall be divided and distributed among the partners on the close of the
accounting year in the following proportion:-

PROFIT/LOSS SHARING RATIO

PARTNER OF THE FIRST PART : 50%

[SUBUHI PARVEEN ]

PARTNER OF THE SECOND PART : 50%

[SHAHLA PARVEEN ]
-------
100%
-------

The partners, may, from time to time, change the profit sharing ratio, depending upon the
project in hand, the individual contribution of capital by the partners, working contribution by
the individual partners etc. Hence partners may, from time to time agree to share the profit or
loss of the firm in different ratios for different projects, as they may agree in writing from
time to time;

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(12) DEBTS:

(a) Each partner shall punctually pay their separate debts and indemnify the other
partner or partners and the assets of the firm against the same and shall pay
expenses on account thereof.

(b) It is agreed amongst parties that working partners are jointly authorised to
mortgage, assign, and transfer any assets/rights in favour of any bank, financial
institution, or any other person for any consideration such as loan, premium etc.

(c) Loans in the name of the firm and for the purpose of the firm may be raised with the
consent of all the partners and loan documents may be signed by all the partners
jointly.
.
(13) PROPERTY OF THE PARTNERSHIP FIRM:
(a) That any Land, Building, Machinery, vehicle, or any Movable or Immovable assets,
purchased in the name of any partner with the capital of the firm can be treated as the
property of this firm as per mutual consent.

(b) That each partner shall be individually entitled/authorised to receive cheques/cash

from any autonomous Corporation, Department or Departments, Government/Semi-
Government, Firms, Limited Public Ltd., Companies and any other entities including
individuals and can authorise a person(s) to issue receipts or acknowledge the receipt
of cheques or cash from such entities.

(14) EXECUTION/BUSINESS OF PARTNERSHIP FIRM:

Any contract/work order secured and executed with the capital of the firm in the name of
partner/partners shall be treated as the business of this firm. TDS in the individual name of
the partner can be claimed by the firm in its Income Tax Assessment.

(15) AUTHORITY:
This firm shall apply for obtaining registrations, permits, lease or leases, licences, permits,
and or authority letters, that would be necessary for the regular course of business and this all
shall be done by any partner with her signature individually for which they are unanimously
authorised by all the parties to this. The authorisation to partners is full and complete and no
separate power of attorney shall be required to be given to them.

(16) GOODWILL OF PARTNERSHIP FIRM:

The GOODWILL of the firm shall always be the property of this firm vested in the
continuing partners of the firm and the retiring, insolvent or legal heir or heirs of the deceased
partner or partners shall not be entitled to have any claim or right in respect of
"GOODWILL" of the firm at any time in any circumstances.

(17) EQUAL RIGHTS OF PARTNERS OF PARTNERSHIP FIRM:

(a) All the partners shall have individually rights and privileges to use, to make or put
claims, to pass receipts, to accept payments, to purchase or sell goods on cash or
credit, to enter into contracts, to enter into agreements, to cancel contracts or
agreements, to enter into lease agreement, to purchase or sell raw materials, finished
products, machinery, plants, parts and tools, to transfer, to mortgage, to pledge goods,
and properties and have to represent this firm before all offices and courts, Civil and
Criminal or Revenue, Taxation, Railway, Customs Excise, Labour Unions, and labour
Authorities, Local bodies, to present documents, either made by this firm in favour of
others and or made by others in favour of this firm for registration, to have inspection
and take copies of records, to appoint commission, to have negotiations, to have
Arbitrations, to appoint, engage, dismiss, suspend or charge sheet labourers and or
staff and in short to do all necessary work in the regular course of business and as
well to appoint or suspend the agencies or agents for either sale or purchase of goods.

(b) Each Partner shall be just and faithful to the others or other of them and shall at all
times give to such other or others of the full information and truthful explanation of

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 all matters relating to the affairs of the Partnership and offer every assistance in her
power in carrying on the business for their mutual advantage.

(18) THE POWERS AND DUTIES OF THE PARTNERS FOR FUTURE COLLABORATION:

The powers and duties of the Partners, which shall be exercised at their sole discretion with
mutual consent (written/verbal) from partners, shall include but not be limited to the below:

(a) To convert this partnership Firm into LLP or Private Limited or Limited
Company as and when Partner opts to do so.
(b) To acquire, purchase, takeover and /or amalgamate business or undertakings of
companies or firms which under existing circumstances, from time to time, may
conveniently or advantageously be combined with the business of the firm, to
amalgamate or merge with companies whose business are so acquired, purchased
or taken over and/or to enter into any agreement with the object of acquisition of
such undertaking and/or business.
(c) To go into acquisition, purchase, takeover and/or amalgamate of other entities or
vice versa as and when Partner opts to do so.
(d) To sell, mortgage, assign or lease and in any other manner feel with or dispose of
the firm or properties of the firm or any part thereof, whether movable or
immovable for such consideration as the Partners of the firm may think fit.
(e) To sell, mortgage, assign, lease or dispose of the properties/assets of the firm
(including movable and immovable) to any person, company or other entity at
mutually agreed prices by the partners.

(19) SELL/MORTGAGE OF SHARE OF PARTNER OF PARTNERSHIP FIRM:

That no partner shall without the consent in writing of the other partners, shall sell, assign,
pledge or mortgage her share or interest and right in this partnership firm.

(20) MANAGEMENT OF PARTNERSHIP FIRM:

All the partners are authorised to manage and carry on the business of partnership to the best
of their ability and judgment for the greatest common advantage to all. They are Individually
authorised to enter into any contract/agreement on behalf of the firm in connection with the
business of the partnership firm; to exercise all powers necessary for performing business
activities to the best advantage of the partnership business and to represent the firm before
any State/Central Govt. Offices and all other concerns for all business matters.

(21) CONSENT OF ALL OTHER PARTNERS OF THE PARTNERSHIP FIRM:

Neither partner shall without the consent of other partners:

(a) Lend any of the money or deliver upon any of the goods to any person or persons on
credit to whom the other partner or partners shall have forbidden him to trust.

(b) Give any security or promise for the payment of money on account of the firm
unless in the ordinary course of business.

(c) Enter into any bond or become bailee or surety of any person or knowingly cause or
suffer to be done anything whereby the partnership property may be discharged.

(d) Draw, accept or endorse any bill of exchange or promissory note on account of the
firm, unless in the ordinary course of business.

Any partner committing in breach of any of the foregoing stipulations shall indemnify the
other partners from all losses and expenses on account thereof.

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(22) EFFECT OF DEATH, RETIREMENT, INSOLVENCY AND LUNACY OF ANY
PARTNER:
The death or retirement of any partner shall not dissolve the firm. In the event of the death of
a partner, the legal heirs and/or lawful claimants of the deceased partner shall be treated as a
partner instead of the deceased partner.

(23) ARBITRATION CLAUSE:

All disputes and differences whatsoever which shall either during the partnership or
afterwards arises among the partners or their respective representative of any other partner to
any matter in any way relating to the partnership business or the affairs thereof duties or
liabilities of any partner under these presents shall be referred to a single arbitrator in case the
partners agree upon one or otherwise to two arbitrators one to be appointed by a partner of
the first part and one by second part to the difference in accordance with and the subject to
the provision to the Arbitration and Conciliation Act, 1996 or any other statutory
modifications thereof for the time being in force.

(24) APPLICABILITY OF INDIAN PARTNERSHIP ACT 1932:

For all points not mentioned hereinabove the provisions of the Indian Partnership Act 1932 or
any other statutory modifications thereof for the time being in force shall be applicable.

IN WITNESSES WHEREOF the partners here to have set their respective hands the day and year
first hereinabove written.

SIGNED BY THE WITHINNAMED ]

PARTNER OF THE FIRST PART ]
(SUBUHI PARVEEN ) ]

SIGNED BY THE WITHINNAMED ]

PARTNER OF THE SECOND PART ]
(SHAHLA PARVEEN ) ]

IN THE PRESENCE OF

1. SIGNATURE______________________ 1. SIGNATURE______________________

2. NAME-- __________________ 2. NAME- ______________________

3. ADDRESS—________________, 3. ADDRESS__________________________

4. AGE-- ____ Years 4. AGE- ___ Years

5. FATHER’S NAME-- ___________ 5. FATHER’S NAME_________________

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