PARTNERSHIP DEED

SR INFINITE SERVICES

THIS DEED OF PARTNERSHIP MADE AND EXECUTED ON THIS SIXTEENTH

DAY OF JANUARY TWO THOUSAND TWENTY-FOUR

BETWEEN:
1. Mr. Shafeeq Ahmed R, S/o Rafeeq Ahmed, residing at Roohi Manzil, No.23,
2Nd Cross, Kanakanagar, RT Nagar Post, Bengaluru, Karnataka - 560032.
(Hereinafter referred as First Party which expression shall, unless it is repugnant
to the context, mean and include his/her legal heirs, successors, administrators and
assigns or anyone claiming through or under him)

AND

2. Mrs. Roohina Banu B, D/o Basheer Ahamed M, residing at Roohi Manzil,

No.23, 2Nd Cross, Kanakanagar, RT Nagar Post, Bengaluru, Karnataka - 560032.
(Hereinafter referred as Second Party which expression shall, unless it is
repugnant to the context, mean and include his/her legal heirs, successors,
administrators and assigns or anyone claiming through or under him)

WITNESSED AS FOLLOWS:

Whereas the Parties hereto have mutually decided to start manpower consulting and supply
service, accordingly the Parties herein have agreed to become Partners under this Deed of
Partnership and desire to reduce the terms and conditions agreed between them in writing and
hence this Deed of Partnership.

ACCORDINGLY, THIS DEED OF PARTNERSHIP WITNESSED AS FOLLOWS:

1. COMMENCEMENT:

This partnership hereby constitutes shall come into force with effect from 16/01/2024.

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2. DURATION OF PARTNERSHIP:

The duration of partnership shall be “Partnership at WILL”.

3. NAME OF THE FIRM:

The Name of the firm shall be “SR INFINITE SERVICES”. The partners are mutually
entitled to change the name of the Firm if required.

4. PLACE OF BUSINESS:

The principal place of business of the firm shall be Roohi Manzil, No.23, 2Nd Cross,
Kanakanagar, RT Nagar Post, Bengaluru, Karnataka – 560032 or at such other place/s
as the Partners may decide upon from time to time. The Parties may, by mutual
agreement, change the place of business or set up branch/es at any other place.

5. NATURE OF BUSINESS/PROFESSION:
We provide Manpower Consulting and Supply to Telecom, ISP, Banks and Financial
Institutes. We play the role of DSA of Banks, Financial Institutions. We assist as the
Collection Agency of Bank, Financial Institutes, Telecom, ISP. We also engage in E-
Commerce Business as delivery boys and all other ancillary service to main objects of
the firm.

6. CAPITAL:

a. The Initial Capital of the Firm shall be Rs. 1,00,000/- (Rupees One Lakh
Only) and any increase or decrease of the Capital may be decided by the
Partners from time to time.

b. The capital contributed by the partners as given below:

Party Amount
Shafeeq Ahmed R Rs. 50,000/-
Roohina Banu B Rs. 50,000/-
Total Rs 1,00,000/-

c. The Partners may vary their Capital proportions including providing of

additional Capital in such manner that, if at any time additional funds are

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 required for the purpose of aforesaid business the Partners herein may raise
funds by way of credit or borrow from third party such as banks, financial
institutions, private parties etc., for interest at prevailing market rate or raise
money through early-stage seed funding and venture capital funding as per
mutually agreed terms with the investors.

d. That each Partner may withdraw from the firm any amount of money that may
be necessary for him in anticipation of his share of profits without any interest;
but on taking annual accounts, if he be found to have withdrawn any sum in
excess of his actual share of profit, he shall forthwith refund such excess or
with the consent of the other Partners, carry over such excess to succeeding
year of account.

7. MANAGEMENT AND REMUNERATION:

That, all partners are in-charge of day-to-day management of the partnership business.
All partners are eligible to take remuneration of Rs. 75,000 /- per month. All parties
respectively will be the working partners and are being actively engaged in the
conduct of the affairs of the firm. The partners shall be entitled to increase or reduce
the remuneration by mutual consent. The partner’s remuneration shall be debited to
the Profit and Loss Account and credited to the Capital account at the close of each
accounting year. However, the partners are entitled to draw the amounts towards their
remuneration during the course of the year to meet their livelihood expenses and their
commitment.

8. ACCOUNTS:

a. That the Firm shall keep, or the Parties shall cause to be kept proper books of account
wherein shall be entered all the monies received and paid, all contracts entered into
and all the business transacted on account of the Firm and all other matters and things
of which the accounts ought to be kept according to the usual and regular course of
business. The said books of account with all deeds, letters, securities for money and
other papers shall be kept at the place where the Partnership business is carried on or
at such other place or places as the partners may decide upon from time to time.

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b. That, on the 31st day of March every year the accounts of the Firm shall be closed to a
profit and loss account and a balance sheet exhibiting the true and fair view of the
financial structure of the Firm shall be drawn up and signed by all the Parties to
confirm its correctness and authenticity.

c. That, the Parties hereto shall have reasonable access to the books of account of the
Partnership business and shall be entitled to extract copies there from at all reasonable
times.

9. PROFIT & LOSSES:

The Net Profit and Losses arising out of the partnership business shall be apportioned
to the parties here to in the following ratio:

Name of the Partners Profit/Loss Sharing Ratio

1. Shafeeq Ahmed R 50%
2. Roohina Banu B 50%

10. BORROWINGS FROM OTHERS:

If any amount in excess of the amount contributed by the Parties towards Capital and
Loans is required, the same shall be borrowed by the Partners on such terms as to
repayment and interest as may be determined by partners, just and in the interest of
the firm and all the documents shall be executed by the partners jointly.

11. PAYMENT OF INTEREST TO PARTNERS:

a. It is agreed by and between the Parties hereto that simple interest at the rate of 12%
per annum or at such other rate as may be mutually agreed upon or prescribed under
Section 40(b) of the Income tax Act, 1961 shall be payable by the Partnership on the
amounts standing to the credit of Partners in their Capital, Drawings and Loan
accounts as at the beginning of each year. If there is any debit balance in the account
of any Partner at the beginning of the year, interest at the same rate shall be payable
by him/her on such debit balance till the date of wiping out the debit balance.

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b. The interest as above will be calculated and credited/debited to the respective
Partner’s Drawing accounts at the time of finalising the Accounts of the Firm each
year.

12. BANK ACCOUNTS:

a. Account or accounts of the Bank or Banks for the purpose of the Partnership business
shall be opened in the firm name only and that, such account or accounts shall be
operated by both partners.

b. Any borrowings from the banks or others shall be under the signatures of both the
partners.

13. MANAGEMENT:

All the Partners shall jointly manage and carry on the routine matters of
administration. The Partners shall jointly take decisions on all matters arising in
connection with the Firm including policy and financial matters.

14. ASSETS OF THE FIRM:

All assets of the Firm shall belong to all the partners equally.

15. GOODWILL:

The Goodwill, if any, shall jointly belong to all the partners in the proportion of their
Capital.

16. RETIREMENT AND DISSOLUTION:

a. That, any Partner herein may retire from the Firm by giving not less than 3
months advance notice in writing to the other partner of his intention to retire
and such partner shall cease to be a Partner from the date after completion of
his notice period of three months.
b. That, the death, insanity, bankruptcy, or retirement of anyone of the Partners
shall result in the dissolution of the firm.
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 c. That, where a Partner ceases to be a Partner for any reason whatsoever, during
the course of any accounting year his share of profit or loss up to that date
shall be ascertained on pro-rata basis after the end of the year and for this
purpose, the profits or loss shall be deemed to have accrued evenly throughout
the year.

17. RIGHTS OF THE PARTNERS:

That, all the Parties/Partner hereto shall be at liberty to carry on any other business but
excluding a competing business either individually, or in Partnership with others.

18. PRIVATE DEBTS:

That, each Partner, shall at all times, duly and punctually, pay all his separate private
debts and other liabilities now due or owing or hereafter to become due during the
continuance of this Partnership and in breach of this covenant the Partner so
defaulting shall indemnify the Partnership of any loss caused thereby.

19. TRANSFER AND ASSIGNMENT:

That, no Partner shall, without the consent of the other Partner in writing, transfer by
way of sale, gift, alienate, assign, mortgage, charge or otherwise encumber his interest
in the Partnership or introduce or attempt to introduce any person or relative into the
firm as an employee, partner or otherwise.

20. AMENDMENTS:

The Partner may by mutual consent, amend, alter, or add to any of the terms contained
in this Deed on the interest of the Firm and the Partners.

21. DEPOSIT OF DEED:

That, this indenture of Partnership shall be kept at the office of the Firm for time
being safely lodged and shall be open for inspection by any Partner during the
business hours on any working day and each Partner shall be supplied with a copy of
these presents duly signed by all Partners for his personal use.

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 22. ARBITRATION:

That, if at any time, any dispute, question, or doubt shall arise among the Parties
hereto or their respective executors, administrators, etc., either on the construction of
these presents or respecting the accounts, transactions, profits or loss of business, then
every such dispute, doubt shall be referred to arbitration and the provisions of
Arbitration Act, shall apply accordingly.

23. APPLICABILITY OF PARTNERSHIP ACT, 1932:

That, the provisions of Indian Partnership Act, 1932 so far as they are not specifically
excluded, altered, modified or is inconsistent with the terms and conditions set forth
herein above, shall apply to this Partnership firm and deemed to be incorporated here
in this article of Partnership.

IN WITNESS WHEREOF THE PARTIES HERETO HAVE SET THEIR HANDS TO

THIS ARTICLE OF PARTNERSHIP ON THIS THE TENTH DAY OF JANUARY
TWO THOUSAND TWENTY-FOUR IN THE PRESENCE OF FOLLOWING
WITNESSES:

Witnesses & Address Signature of Parties

1 First Partner

2 Second Partner

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