DEED OF PARTNERSHIP

This Deed of Partnership is executed on this the 4th Day of May, 2023 at Karimnagar by
and between:
1) Smt GANGADHARA SHOBHA W/O KANAKAIAH, aged about 50 years R/o. H.No: 4-35,
Gattubuthkur, Gangadhara Mandal, Karimnagar Dist. 505445, Occ: Business,
hereinafter called and referred to as the Whole time Working Partner of the FIRST PART. Which
term and expression shall mean and include his legal heirs, executors, successors,
representatives and attorneys.

2) Sri GANGADHARA VIKRAM S/O KANAKAIAH, aged about 32 years, R/o H.No. H.No: 4-35,
Gattubuthkur, Gangadhara Mandal, Karimnagar Dist. 505445, Occ: Business hereinafter called
and referred to as the Whole time Working Partner of the SECOND PART. Which term and
expression shall mean and include his legal heirs, executors, successors, representatives and
attorneys.

3) Sri GANGADHARA SANTHOSH S/O KANAKAIAH, aged about 31 years R/o. H.No. H.No: 4-
35, Gattubuthkur, Gangadhara Mandal, Karimnagar Dist. 505445, Occ: Business,
hereinafter called and referred to as the Whole time Working Partner of the THIRD PART. Which
term and expression shall mean and include his legal heirs, executors, successors,
representatives and attorneys.
4) Sri GANGADHARA KANAKAIAH S/O NARSAIAH, aged about 55 years R/o. H.No. H.No: 4-
35, Gattubuthkur, Gangadhara Mandal, Karimnagar Dist. 505445, Occ: Business,
hereinafter called and referred to as the Whole time Working Partner of the FOURTH PART.
Which term and expression shall mean and include his legal heirs, executors, successors,
representatives and attorneys.
5) Sri POLASANI DEVENDAR RAO S/O THULASHEKAR RAO, aged about 66 years R/o. H.No:
3-74, Lingapur, Manakondur Mandal, Karimnagar Dist. 505469, Occ: Business,
hereinafter called and referred to as the Whole time Working Partner of the FIFTH PART. Which
term and expression shall mean and include his legal heirs, executors, successors,
representatives and attorneys.
1. 2. 3. 4.

5. 6. 7.
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6) Smt GANGADHARA SAROJANA W/O RAVINDER, aged about 40 years R/o. H.No: 5-8,
Achampalle, Gangadhara Mandal, Karimnagar Dist. 505445, Occ: Business,
hereinafter called and referred to as the Whole time Working Partner of the SIXTH PART. Which
term and expression shall mean and include his legal heirs, executors, successors,
representatives and attorneys.
7) Sri MANDA ANJAIAH S/O UPPALAIAH, aged about 56 years R/o. H.No: 1-647/5,
Choppadandi Mandal, Karimnagar Dist. 505415, Occ: Business, hereinafter called and referred to
as the Whole time Working Partner of the SEVENTH PART. Which term and expression shall
mean and include his legal heirs, executors, successors, representatives and attorneys.

Whereas the First Part, Second Part and Third Part has been carrying on the business in the name
and Style of “M/s. ABHAY FISH TRADERS AND SEED SUPPLIERS”, vide FRN 329 of 2021 with
effect from 21/06/2021. The aforesaid 1 to 3 partners are willing to admit the above said 4 th, 5th, 6th
and 7th parties into partnership and the same has been accepted by 4 th, 5th, 6th and 7th parties to join
the partnership along with aforesaid 1 to 3 partners to carry on the same business under the same
name and style of “M/s. ABHAY FISH TRADERS AND SEED SUPPLIERS”.
And whereas with a view to avoid misconceptions if any that may arise in future and with a
view to comply with various obligations under various statutes. The aforesaid partners have decided
to reduce the terms governing the Partnership Deed into writing.
NOW THIS DEED OF PARTNERSHIP WITNESSETH AS UNDER:
1. NAME: The Business/Profession of the partnership shall be carried on under the name and style
of “M/s. ABHAY FISH TRADERS AND SEED SUPPLIERS”.

2. COMMENCEMENT OF BUSINESS: That the partnership shall be deemed to have come into
Existence with effect from 5th day of May, 2023.
3. PLACE OF BUSINESS: The Principal place of business of the partnership shall be located at
H.No. 3-112, GATTUBUTHKUR, GANGADHARA Mandal, Karimnagar Dist., Telangana,
505445. Or at any such other place or places as may be agreeable to all the parties from time to
time.

4. NATURE OF BUSINESS: Dealing in to the Business of fish farming and fisheries meaning
taking, culturing, processing, preserving, storing, transporting, marketing or selling of fish and fish
products and aqua farming etc., and to carry on any other business under such other name or
names as the partners hereto may mutually decide from time to time and things necessary for the
attainment of the foregoing objects.

1. 2. 3. 4.

5. 6. 7.
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5. CAPITAL: The capital required for the purpose of partnership business shall be contributed by
the Partner according to their Profit-sharing ratio.
6. INTEREST ON CAPITAL: The Firm shall pay interest on capital standing to the credit of Partners
@ 12% per annum or such lower rate as may be prescribed by section 40(b) of the Income Tax
Act, 1961 or any amendment thereof which may be in force in the relevant financial year. Such
interest shall be calculated and credited to the account of each partner at the close of accounting
year.

7. PROFIT OR LOSSES: The profit or losses of the partnership business shall be shared by the
partners in the following proportion:
Party of the FIRST PART 10.00 %
Party of the SECOND PART 10.00 %
Party of the THIRD PART 10.00 %
Party of the FOURTH PART 40.00 %
Party of the FIFTH PART 10.00 %
Party of the SIXTH PART 10.00 %
Party of the SEVENTH PART 10.00 %

8. MANAGING PARTNER: That the Party of the FOURTH PART namely GANGADHARA
KANAKAIAH shall be the MANAGING PARTNER with overall control of the affairs of the Firm.
9. BANK ACCOUNT: That a Bank account or Bank accounts in the name of the firm shall be
opened in any Bank or Banks as may be agreeable to all the partners from time to time. The
Bank account or Bank Accounts of the firm shall be operated individually FOURTH PART namely
GANGADHARA KANAKAIAH.
10. BOOKS OF ACCOUNTS: That the regular books of accounts shall be maintained which shall be
kept at the registered office of the business and would be open to inspection at all reasonable
time to all the parties or their authorized representatives who will be free take copies thereof.

11. ACCOUNTING YEAR: That the Financial Year shall be the accounting year of the firm.
12. REMUNERATION: a) All the PARTIES OF FIRST to SEVENTH of the partnership firm are
Working partners and they are eligible to draw monthly remuneration of Rs. 10,000/- each.
b) PROVIDED always that the remuneration payable to the partners shall not exceed the
Maximum permissible limit U/S 40(b) and other related provisions.

13. DRAWINGS: That All the Partners shall be made drawings from the Firm to the extent of certain
amount or may be decided mutually by them from time to time.
14. BORROWINGS: The parties of the FIRST PART TO SEVENTH PART shall raise loans wherever
deemed expedite for the purpose of the business from Banks, Financial Institutions and or from
other individual parties with or without mortgaging the assets of the firm.

15. RETIREMENT: That any partner can retire from the firm by giving at least 3 months prior notice
to the firm as well as the other partners.

16. DEATH: That in the event of demise of any partner (s) any one person representing the
deceased being the alternative spouse or male child or any other legal heir next in the line would
step into the shoes of the deceased and would have be taken as partner, to which the surviving
partner would have no objection (Subject to the provisions of The Chartered Accountants
Regulations Act.)

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17. DISSOLUTION: This Partnership is at will and can be dissolved as and when decided by the
partners hereto mutually. In case of dissolution after meeting all the business liabilities, including
loans shall be distributed among the parties into proportion to their Capital Contribution ratio as
referred above in clause no. (5).

18. GOODWILL: At the time of retirement of any partner or death of any partner or at the time of
dissolution of the firm No Goodwill shall be valued.
19. ARBITRATION: That if any dispute shall arise among the partners in respect of conduct of the
business of the Partnership or in respect of interpretation, operation or conformity of any of the
terms and conditions of the deed or in respect of any other matter, cause or thing whatsoever set
out herein or otherwise provided from the same shall be referred to the single arbitrator appointed
by the partners with mutual consent whose decision shall be final and binding on the parties and
their legal representatives.
20. LIABILITIES: The partners are individually responsible for their own personal liabilities either
before or after starting this partnership business and no partner of the firm shall be responsible for
the individual commitment of the other partner.
21. AMENDMENT: That any of the above terms may be varied, altered, amended or substituted by
mutual consent being whether in writing or implied in conduct.
22. PARTNERSHIP ACT: The Provisions of the Indian Partnership Act, 1932, shall apply as regards
the matters which are not expressly provided or herein above.
IN WITNESS WHEREOF the parties hereto have set their hands in the presence of witness at
KARIMNAGAR on the day and the year mentioned above.

WITNESSES:

1) PARTNER OF THE FIRST PART

(Smt. GANGADHARA SHOBHA)

2) PARTNER OF THE SECOND PART

(Sri. GANGADHARA VIKRAM)

3) PARTNER OF THE THIRD PART

(Sri. GANGADHARA SANTHOSH)

PARTNER OF THE THIRD PART

(Sri. GANGADHARA KANAKAIAH)

PARTNER OF THE THIRD PART

(Sri. POLASANI DEVENDAR RAO)

PARTNER OF THE THIRD PART

(Smt. GANGADHARA SAROJANA)

PARTNER OF THE THIRD PART

(Sri. MANDA ANJAIAH)