Deed of Partnership
This Deedof partnership
made on this 21 Day of May2014(Two Thousand Fourteen).
A)
NAME AND SCOPE OF FIRM:
The Name of this partnership firm is “......................................................................” and the nature of business of this Firm is“SCRAP VESSEL IMPORTER & BREAKERS”.
B)
THE PARTNERS OF THE FIRM:
1)
Mohammed
NID No-
Father- Mohammed Chabir Ahmed
Mother- Late PakijaKhatun
Proprietor-
TIN N0- , under the
jurisdiction of Taxes Circle- 017
(Sitakund),Taxes Zone 01,Chittagong.
Samia Ship Recycling Industries
Kadamrasul, Jahanabad, Bhatiary,
Sitakund, Chittagong.
………….. FIRST PART
And
2)
Mohammed
NID No-
Father --
Mother—
Address- Kadamrasul, Jahanabad, Bhatiary,
Sitakund, Chittagong.
………….. SECOND PART
C) OBJECTIVE,
REGISTRATION OFFICE AND EXPIRATION OF DEED:
1)
The main objective of this Partnership Firm is to do a fair
business of“....................................................”.
2) The Registration office of the firm is situated in ................................................................................................... Chittagong and
Firm
can take decision to open new office anywhere of thecountry for the
extension
of the business.
3) This Partnership agreement signed and validate
Primarily for 20 (ten) years andafter expiration of the
time,
all partner will decide for extension of the time.
D)
SHARES, PROFIT AND LOSS RATIO:
The shares, profitand losses ratios among the partners are
as follows:-
Name of the Parties
|
Percentage
|
Mohammed ......................(FIRST PART)
|
60%
|
Mohammed ................... (SECOND PART)
|
40%
|
E)
REASON FOR THE TRANSFER OF SHARES:
For the extended of
Business Firm and make better improvement of the said Firm.
F)
DESCRIPTION OF SAID PARTNERSHIP FIRM:-
1) LICENCE by Chief Inspector of Factories, Govt. of the
People’s Republic of Bangladesh. License No- 4475/Chittagong. DATE- 24.12.2013.
2) Registration under Board of Investment. Registration No
-20930920–C,
Date
-29.09.2013.
3)
Trade License No- 344. Date
– 25.08.2013.
4) Import Registration Certificate (IRC) No- 0212997, Date
09.10.2013.
G)
NORMS:
The Firm has to follow the following:-
That all other terms and conditions of the partnership not
provided for in this deed shall be guided by and regulated in accordance with
the partnership Act- 1932.
H) NOTICES:
Any notice or communication given to parties under this agreement is
only given if it is in writing and sent in one of the following ways:
Delivered or posted to that party at its address and marked for the
attention of the relevant department or officer (if any) set out below.
Business Firm
Name:
Address:
Kadamrasul,
Jahanabad, Bhatiary,
Sitakund,
Chittagong.
1) Shareholder 1 (60%)
Name:
NID No-
Father
Mother-
Address:Kadamrasul, Jahanabad, Bhatiary,
Sitakund, Chittagong.
2) Shareholder 2 (40%)
Name:
Father---
Mother—
NID No-
Address- Kadamrasul,
Jahanabad, Bhatiary,
Sitakund, Chittagong .
I)
CONFIDENTIALITY:
Each
partner must keep confidential the terms of this agreement, the contents of all
negotiations leading to its preparation and any other information relating to
the Company or to another Shareholder that it obtains as a result of this agreement
and must not disclose or permit the disclosure of such Confidential Information
to any other person.
J)
OPERATIONOF BANK ACCOUNT:
This Partnership Firm will open and operate a bank account
in any schedule bank of Bangladesh. Chairman (First part) and Managing Partner
(Second Part) will operate that accountjointly.
K)
BOOKS OF ACCOUNTS:
01)The Firm will keep proper books of accounts and diaries
shall be
Kept by the partners at the business premises and the same
shall be
available for inspection by all the partners at all time.
02)The assets and liabilities of the Firm.
03)The books of accounts shall be kept at the registration
office of the Firm or
Atsuchother
place as per choice of partners and be opened for inspection by the partner
during usual business hours.
L)
DECISION MAKING:
The Managerial Operation of the Firm tobeoperated as per unanimous
decision of the partners.
M) DUTIES
AND ACTIVITIES OF PARTNERS:
1) If the Partners
want to bring any change in the deed, it may be done with consensus of the Partners.
2) To obey the common Laws of the country.
3) To maintain honesty, integrity and keeping trust of the
partners.
N)
MANAGEMENT OF BUSINESS:
01)The main Executive of the Firm is Chairman (FIRST PART) of
this Partnership Deed and he willbear the prime power of the Firm.
02)That the First Part –Mohammed SekandarMeah, of this deed
shall be the Chairman of the Partnership Firm and Second Part – Mohammed Younus
shall be Managing Partner of the Partnership Firm and they will perform their
duties accordingly for smooth running of the said Partnership Business.
03)
That the First Part - Mohammed SekanderMeah will hold 60% Shares of this
Firm. And Second Part – Mohammed Younuswill hold 40% shares of this Partnership
Firm.
O)
DOCUMENTATION & SIGNATURE:
All related documents such in favor ofFirm to be signed by Chairmanand
Managing Partner or by only chairman of the Firm.
P)
LIST OF MATERIALS:
SL. NO.
|
Instruments
|
Quantity
|
01
|
Wines Machine
|
02
|
02
|
Magnet Excavator
|
02
|
03
|
Gas Cutting Machine
|
40 Set
|
04
|
Track & Dram Track
|
04
|
05
|
Weight Scale
|
01
|
06
|
Generator
|
01
|
07
|
Electric Motor
|
01
|
08
|
Drill Machine
|
02
|
09
|
Other Tools
|
A Lot
|
Q)
INCREASE AND REDUCTION OF CAPITAL:
01)The firm may with the approval of the Partners previously
given in a meeting increase the share capital of the firm and such amount and
to be divided into shares of such respective.
02)No Partner can Sell or Transfer their own shares to other
persons, except the partner of this Partnership Firm. But only can transfer or
sell, if no intention express from any existing partner to buyshare.
R)
BORROWING POWER:
The Firm may from time to time Borrow or Raise fund from any legal source, any sums of money required for the purpose of the Business if the Firm think it necessary and secure the payment of such manner and upon such terms and condition in all respects as Partners may think it fit and in particulars by the issue of debenture or debenture stock or by making, drawing accepting or endorsing on behalf of the Firm, any Bill of Exchange, Promissory Note, Bonds or any other Negotiable or Transferable Instruments or by creating of Mortgage or Charge on all or any Part of the Property of the Firm both present may, on behalf of the Firm, guarantee the whole or any part of the loan or debts incurred by the Firm, with power of them secure guarantee against liabilities in respect of such loans by means or Mortgage or charge on the Firm’s Property, Movable, Immovable or otherwise.
The Firm may from time to time Borrow or Raise fund from any legal source, any sums of money required for the purpose of the Business if the Firm think it necessary and secure the payment of such manner and upon such terms and condition in all respects as Partners may think it fit and in particulars by the issue of debenture or debenture stock or by making, drawing accepting or endorsing on behalf of the Firm, any Bill of Exchange, Promissory Note, Bonds or any other Negotiable or Transferable Instruments or by creating of Mortgage or Charge on all or any Part of the Property of the Firm both present may, on behalf of the Firm, guarantee the whole or any part of the loan or debts incurred by the Firm, with power of them secure guarantee against liabilities in respect of such loans by means or Mortgage or charge on the Firm’s Property, Movable, Immovable or otherwise.
S)
AUDIT OF ACCOUNTS:
Once at least in every year the accounts of the Firm to be examined and correctness of the Profit and Loss accounts and balance sheet ascertained by one or more auditor or auditors.
Once at least in every year the accounts of the Firm to be examined and correctness of the Profit and Loss accounts and balance sheet ascertained by one or more auditor or auditors.
T)ARBITRATION:
If any disputes arise between the partners that the matters shall be solved by the Chairman(First Part) andManaging Partner (Second Part) of this Firm. And if any statutory modification required that all governed by common law of Bangladesh.
U)
DEATH OF PARTNERS:
On the death of the existing partner, the surviving partners will execute in favor of the legal representatives of deceased partner, indemnity against the debts, liabilities, obligations & legal representative shall also execute proper deed and other instrument for vesting the share of the deceased partner in the partner(s) entitle there to under the provision of this deed.
ThePartnership Deed will have effect from 21/05/2014 (Two Thousand
Fourteen).
This Deed
is type on stamp of Tk. 200/- (Two Hundred) and rest stamp duty Take 1800/-(Eighteen
Hundred) has been paid vide Sonali Bank Ltd, Court Hill Branch Pay Order No.
POC ………………….Dated:21/05/2014 (Two Thousand Fourteen).
SCHEDULE :- 1
Shares Percentage held before
and after the share transfer:-
|
Shares Percentageto be
transferred:-
|
|
(1) Share Percentage Held before the Transfer
|
10,000,000
( Owners Capital) ,
(Shareholding
ratio: 100%)
|
|
(2) Share Percentage to be
Transferred
|
4,000,000
( Owners Capital ),
(Shareholding
ratio: 40%)
|
|
(3) Number of Share Held after
the Transfer
|
|
SCHEDULE: - 2
DRAFTED BY:-
Advocate
V)
SIGNATURE OF PARTNERS
SI. NO
Name of partners:
Mohammed (FIRST PART)
Mohammed (SECOND PART)
IN
WITNESS whereof the said parties have thereto signed on 21 May 2014
(Two Thousand Fourteen) above written.
WITNESS:-
1.
2.
3.
