PARTNERSHIP DEED

This Deed of Partnership made and entered into an agreement at

Faizabad, on this 15th day of January, 2023 by and between:
1. Mr. VIRENDRA SINGH, age about 32 years, son of Mr. PRATAP
NARAYAN SINGH Resident of Barma Colony Tedhi Bazar, District
Ayodhya, here in after referred to as the Party of the FIRST
PARTNER; (which expression shall mean and include his legal heir
executors administrators and assigns).
2. Mr. RAHUL SRIVASTAVA, age about 34 years, son of Mr. ARVIND
KUMAR SRIVASTAVA Resident of Kaithana Mohalla District
Ayodhya, here in after referred to as the Party of the SECOND
PARTNER; (which expression shall mean and include his legal heir,
executors administrators and assigns).
3. Mr. PRASHANT YADAV, age about 34 years, son of Mr.
YUDHISHTHIR YADAV Resident of Barma Colony Tedhi Bazar
District Ayodhya, here in after referred to as the Party of the THIRD
PARTNER; (which expression shall mean and include his legal heir,
executors administrators and assigns).
WHERE AS the parties referred to here in above have mutually agreed to
commence the business shall be that of Travel and Tourism management
professionals may manage the accommodation travel modes, tour
program, and overall stay of such tourists in India work in the name of
M/s. BIO BALANCE HEALTHCARE and incidental there to etc. under the
firm name of and style of M/s. BIO BALANCE HEALTHCARE with effect
from 01/09/2024
AND WHERE AS the parties here to have deemed it expedient to reduce
into writing and are desirous of recording the terms and conditions
governing their relations.
NOW IT IS HEREBY AGREED BY AND BETWEEN THE PARTIES HERE TO that
they have become partners and joined in partnership upon the conditions
here in after expressed NOW THIS DEED WITNESS:

1. NAME:
The name and style of the firm of Partnership is and shall be M/s.
BIO BALANCE HEALTHCARE the partners shall be entitled to
carry on business under any other name and/ or name as may be
agreed upon mutually from time to time.

2. COMMENCEMENT :
The Partnership firm shall be deemed to have commenced business
on and from 01/09/2024.

3. BUSINESS:
The Partnership business shall be that of Travel and Tourism
management professionals may manage the accommodation travel
modes, tour program, and overall stay of such tourists in India and
International. However the partners of the firms can diversify to any
business and/or close existing business as they mutually decide time
to time.

4. PLACE:
That the principal place of business shall be carried on at Tedhi
Bazar Ayodhya, and/or any other place as mutually agreed upon
from time to time.
5. DURATION:
The duration of the partnership shall be ‘AT WILL’ but in case any
partner desires to retire from the partnership, he/they shall be at
liberty to do so by giving before two month’s notice in writing to
the other partners.

6. CAPITAL:
The capital of the partnership business as and when considered to
be necessary and expedient for the purpose of carrying on business
of partnership shall be contributed by the partners in the
proportions as may be mutually agreed upon.

7. BORROWINGS:
The partners of the firm may borrow money required for and behalf
of the partnership firm, from persons, firms, companies or banks/
Financial Institutions as and when required for the purpose of the
business of the firm.

8. BANK ACCOUNTS:
The Bank account of the partnership firm shall be opened with such
Bank or Banks as the partners may from time to time agree upon.
The same shall be operated by any one partner, or as mutually
agreed upon. Any person(s) can be authorized to operate the Bank
Account(s). If senior partners are agree.

9. ACCOUNTING YEAR:
The accounts of the partnership firm shall be taken annually on 31 st
March, every year.

10. ACCOUNTS:
The books of accounts of the Partnership shall be kept in the safe
custody of the partners and each party shall have free access over
them.
11. FINAL ACCOUNTS:
At the end of the financial year an account will be taken of all the
assets and liabilities and of all the profits and losses of the
partnership for the year and the same shall be entered in the books
of accounts.

12. INTEREST ON CAPITAL:

PROVIDED that for all the purpose the balances appearing in the
accounts of partners shall always be treated as their respective
capital contributions and on such capital contributions, they shall
be entitled to interest at the maximum rate of 12% p.a. or at the
maximum rate of interest permissible under the Income Tax Act,
1961 and they shall be liable to pay interest at he same rate on
their debit balance(s). Partners shall have option to waive off
interest in full or in part as mutually agreed upon.

13. REMUNERATION TO PARTNERS:

That for the services rendered by the parties no.1 & 2, the Working
partners they shall be allowed remuneration in equal ratio, subject
to the provision that aggregate of remuneration paid/ payable to
them for the whole year shall not exceed the following limits of
book profits, as certained after allowing interest on capital
contributions by the partners as provided in Clause 12 above:
a. On the first 300,000/- : Rs. 1,50,000/- or 90% of the book
profit,
b. On the balance : at the rate of 60%

14. SHARE:
The net profit and /or loss of the partnership business as worked out
after providing for interest and remuneration as payable to the
partners in terms of the provisions contained in Clause 12 & 13
above, shall be allocated and credited on the last day of accounting
year between the partners in following proportions:

(i) VIRENDRA SINGH 33%

(ii) RAHUL SRIVASTAVA 33%
(iii) PRASHANT YADAV 33%
15. STIPULATIONS : Each partner shall :
i. Punctually pay their separate debts and indemnify the
other partners and the assets of the firm against the same
and all expenses of account there of.
ii. Forthwith pay all money, cheques and negotiable
instruments received by them on account of the firm into
the bank accounts of the firm.
iii. Render proper explanations of all matters relating to the
affairs of the partnership and offer every assistance in their
powers in carrying on business for mutual advantage of all
partners.
iv. Be just and loyal to the firm and to the partners in all
transactions relating to the firm and shall at the time give
to the firm a just and proper explanation and account of
the
v. Same without any concealment of or super session of and
shall furnish on request a full and correct explanation there
of to the partners.

16. CONDITIONS:
No individual partner of the firm shall without the consent in writing
of the partner be entitled to:
i. Admit any liability in a suit or proceedings.
ii. Compromise or relinquish any claim pr portion of a claim by
the firm.
iii. Transfer immovable property belonging to the firm.
iv. Lend to any outsider any money belonging to the firm.
v. Take a lease or acquire immovable property on behalf of
the firm.
vi. Appoint any employee in or dismiss any employee of the
firm.
vii. Operate Bank account on behalf of the firm in their own
name.
viii. Have dealings or give credit on behalf of the firm to any
person or business house whom any other partner has
decided not to deal in with or trust.
 ix. Withdraw a suit or proceeding filed on behalf of the firm.
x. Assign, mortgage or charge their share of interest in the
firm wholly or in part to any outsider.
Any partner committing any breach of any of the forgoing
stipulations indemnify the firm and/or other partners from all
losses and expenses incurred or to be incurred by the firm and /or
other partners in that respect

17. NOTICE:
Any notice hereby required authorized to be given to any of the
partners sufficiently given by leaving the same addressed to them
at the firm or by sending the same by registered post to their usual
or last known address.

18. ADMISSION:
Any person(s) can be admitted as partners at any time by the
mutual consent of all the partners.

19. DISSOLUTION:
On dissolution of the partnership a full and general account should
be taken of all money, stock- in- trade, debts and assets that
belonging or due to the partnership including capital, such account
shall be made up within reasonable time and the amount payable
to each partner shall be paid to them. Capital Assets in the name of
any partner(s) so contributed, shall be revert back by debiting his/
their Capital account at W.D.V. after application of the Amount of
Goodwill if so mutually agreed upon. However party no. 1 & 2 shall
take over the business on the event of Dissolution.

20. DEATH:
In case of death of any of the parties, wife/ legal heir of the
deceased shall be entitled to become the partner of the firm
alongwith the surviving partner(s). In case wife/ legal heir of the
deceased is not ready
to become the partner, then continuing parties shall be entitled to
admit any party/ parties as incoming partner(s) with consent of
 legal heirs of deceased and an assessment of all the assets and
liabilities of the firm shall be made as on the date of the death and
the balance of the capital as well as the profit/ loss shall be paid to
the wife of the deceased as per the books of accounts of the firm
and as per the assessment made.

21. MISCONDUCT:
If any partner of the firm is guilty of misconduct affecting the firm
or other parties, the other parties may notify in writing to such
party who, shall make amendment for such misconduct to the
satisfaction of the other parties within a reasonable time of such
notice, otherwise they shall be deemed to have automatically
retired from the partnership of the firm and their rights and
liabilities shall have been determined accordingly as provided
already.

22. TERMINATIONS:
That on the termination of the partnership the parties here to shall
cause a full and accurate inventory to be prepared of the affairs of
the partnership taking into account all the assets, liabilities existing
or contingent as well as goodwill of the partnership. Losses including
deficiencies of capital, be paid first out of profits, next out of capital
and lastly, if necessary by the parties individually in the proportion
to which thy were entitled to share profit. The assets of the firm
including any contributions by the parties to make up deficiencies of
capital shall be applied in the following manner and order:
a) In paying the debts of the firm to the third parties.
b) In paying to each partner ratably what is due to him/from the firm
for advances as distinguished from capital.
c) The residue, if any shall be deviated among the partner in the
proportions in which they are entitled to share profits.

23. ARBITRATIONS :
If any disputes shall arise between the partners hereto in respect of
the conduct of the business of the partnership or enforcement of
any of the terms and conditions of the Deed or in respect of any
other matter cause or things what so ever to here in otherwise
 provided for adjudication to the Arbitration Act, 1940 or any
statutory amendment or modifications or re- enactment thereon
parties and their legal representatives.

24. ALTERATIONS OR ADDITIONS OF ANY CLAUSE OF THIS

PARTNERSHIP DEED:
Not with standing anything stated or provided herein the parties
shall have full powers and discretions to modify alter or vary the
terms and conditions of the partnership deed in any manner think
fit by mutual consent which shall be reduced to writing shall
become appendage and part of this deed .

25. GENERAL:
That in all respects other than those provided from here in this
partnership shall be governed by Indian Partnership Act.

IN WITNESS WHERE OF the parties here to here unto set and subscribed
their respective hands the day and year first here in above written.
Witnesses:

1. --------------------------------- (Mr. VIRENDRA SINGH)

2. --------------------------------- (Mr.RAHUL SRIVASTAVA)

3. --------------------------------- (Mr. PRASHANT YADAV)