Further capital, loans or deposits looking to the needs/requirements of the partnership firm shall be arranged, invested or contributed by the partners.Ĥ. That the amount lying to the credit of the partners as on _shall be deemed as their capital investment. The parties by mutual consent may carry on business at such other place or places, in such other name or names and of such other nature or natures, as they may deem fit and proper from time to time.ģ. That the partnership business has been and shall continue to be that of. That the partnership business has been and shall continue to be carried on under the name and style of M/s.Ģ. NOW, THEREFORE THIS DEED WITNESSETH as under, incorporating the aforesaid amendment/ alteration in the terms and conditions of the partnership:ġ. and propose to continue in future be reduced to writing to avoid future difficulties or misunderstanding. Consequent to the said amendment, the parties to this deed had a meeting and have orally and mutually agreed to amend and alter some of the terms and conditions contained in the aforesaid partnership deed with effect from _.ĪND FURTHER WHEREAS the parties to this deed have been carrying on the above said business in partnership on the terms and conditions orally and mutually agreed amongst themselves as aforesaid ĪND NOW WHEREAS, the parties to this deed desire that the terms and conditions on which they have been carrying on the above said business in partnership since. ĪND WHEREAS, vital amendments have been made by the Finance Act, 1992 in the procedure for assessment of firm. on the terms and conditions incorporated in the Partnership Deed executed on. WHEREAS, the parties to this deed have been carrying on the business of. resident of (Hereinafter to be called the Fourth Party) resident of (Hereinafter to be called the Third Party) Shri. resident of ………………………………………(Hereinafter to be called the Second Party) Shri. resident of ………………………………………… (Hereinafter to be called the First Party) Shri.
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