project – “shyamal park” developer / applicant – m/s. shree … · project – “shyamal...
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Project – “Shyamal Park” Developer / Applicant – M/s. Shree Ganesh Infra Homes (Amit Kumar Tilva) Proposal No.- SIA/GJ/NCP/76647/2018 Date of Application – 27/8/2018
Land Details:-
SN Survey No. Area (Sq. mtr) Land Owners Developed By Applicant 1 221 4047 1. Patel Chotalal Premjibhai
2. Parikh Bharatbhai Navnitlal 3. Parikh Bhagiratbhai Navnitlal 4. Parikh Rushit Bhupendrabhai 5. Shah Nilaben Indrakant 6. Patel Urvashiben Vipinbhai 7. Patel Kantibhai Premjibhai 8. Patel Rakesh Kantibhai
M/s. Shree Ganesh Infra Homes 1. Ramniklal Shavjibhai Tilva 2. Vanitaben Ramniklal Tilva 3. Amitkumar Ramniklal Tilva 4. Nirju Amitkumar Tilva 5. Chiragkumar Ramniklal Tilva 6. Ekta Chiragkumar Tilva
M/s. Shree Ganesh Infra Homes Amitkumar Ramniklal Tilva (Partner in Shree Ganesh Infra Homes)
2 222 4047 3 223 3946 4 224 4957 5 225/1 P1 15985 6 225/2 P2 5868 7 227 P1 4452 8 227 P2 2428
A - Total 45730 Sq. M. 1 228 6677 1. Patel Meenaben Chotalal
2. Ashokbhai Chotabhai Dalvadi 3. Jamnaben Kantilal Patel
2 229 4654
B - Total 11331 Sq. M. Survey No. 221, 222, 223, 224, 225/1 P1, 225/2 P2, 227 P1, 227 P2, 228, 229 forms Final Plot No. (F.P. No.) – 53 & T.P.S No.-27 whose total area is 47013 Sq. Mtr (please refer highlighted area of page.No.3 of Registered Land development Agreement) and land owners are as described above. Please Refer Annexure-II for Land Document. Now from this land 28,278.00 sq.m. area (in South Direction) is given for development to M/s. Shree Ganesh Infra Homes, for which Registered Development Agreement is attached as Annexure-III. Shree Ganesh Infra Homes is applicant (Mr. Amit Tilva, partner in shree Ganesh Infra Home). Partnership deed is attached as Annexure-IV. Latest Google Image Showing Project Location with Project Boundary, Lat & Long is Attached as Annexure-I Lat - 22°16'36.20"N Long- 73° 8'17.08"E
Project – “Shyamal Park” Developer / Applicant – M/s. Shree Ganesh Infra Homes (Amit Kumar Tilva) Proposal No.- SIA/GJ/NCP/76647/2018 Date of Application – 27/8/2018
Annexure-I (Google Image)
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Annexure - III
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z) +trL ^!.+..it.tii-a i?t? Batn -[i .r{le.0"aqi "rerraa "r*[-rql a.ilufl96a-1eLct 'y ,ii",'.ttt ,rttrilorq s5:i-sq{i ? .il.rttt uiIS qgqt,.lj"z.tt-[i "4tqt(t j?.qt-]?[c{c1, qdl.t rrij{lfr r)I{tqqL rriSitt O:iidqr atfiSLii ,,r.i. Qsaltqrrrtrr{i erea 3?r?dl <i{] ,ilE cratqrtrtriorr-.[Q u'lii.
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Inlra Homes -tt -tt*te[l o', 3?qt-t[ E ,rr:i tBti. i a*tt*t .?.{qgta-[l
.rri .trrpr ult?-tt +tagt{l iatd], )fr lrg-tl +i'te[ "/.ttuter{l +.iiuflg.ttlqt,nt"tr.{l } G.{iis.t att"[]tt'il trdl-fl "r i.tr.\. i ,,i5i ,,tdQ &ct a,q r cn r a;i) -r'l !i uf orq t q er {t ate] -t o'l .
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Annexure - III
4
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Annexure - III
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Annexure - III
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urud. uEmrfr GUJARAI
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SHBEE GANESH |NFRA HOMES
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PARTNERSHIP DEED
OF
THIS DEED OF PARTNERSHIP is made at Vadodara on this lls Day of April, 2016 by and
i between the following descrlbed persons:
* t. sHRt RAMNIKLAL sAvJtBHAl TtLvA aged 67 years, reslding at 401, Kishan Heights,
.. Z7-Guruprasad Society, Opp. Akota Stadium, Vadodara 390023, PAN:AAWPT3618B,
Occupatlon Buslness;
* {}rf"t1-f (rrrrd"tur7 nn,u],a\etftn\ A"\ A,hU{llatrtt
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4Date t ,0
Partnership Deed-"5hree Ganesh lnfra Homes"
; €' c '-Ii lvo.-
Anneuxre - IV
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GUJAnAT 0 2 APR i0ii f; &7 7 363
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101, afis{ *la, la}ql ,{la ils, *aclgl, q$etl.
SMT. VANITABEN RAMNIKI.AI TILVA aged 60 years, residing at 401, Kishan Heights,27-Guruprasad Society, Opp. Akota Stadium, Vadodara 390023, pAN:AAypT459GJ,
Occupation Business;
ci.f t"4 Stlcnr h
:2.
3, SHRI AMITKUMAR RAMNIKIAL TILVA aged 38 years, residing at 401, Kishan Heights,
27-6uruprasad Society, Opp. Akota Stadium, Vadodara 390023, PAN:ADNPT9775H,Occupation Business;
4. SMT, rulRJU AMITKUMAR TILVA aged 34 years, residing at 401, Kishan Heights,
5.
Ganesh lnfra Homes"
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E'c-Ti lv^-Paee 2 of 10
rr*fleart{
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n
Anneuxre - IV
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6. SMT. EKTA CHIRAGKUMAR TILVA aged 33 yearu, residtng at 401, Kishan Heights,
27-Guruprasad Society, Opp. Akota Stadium, Vadod; ra 390023, PAN:AIPPT5S36Q,
Occupation Business;
Hereinafter for the sake of brevity referred to as the f irst Party, Second Party, Third
Party, Fourth Party, Fifth Party and Sixth Party respective y;
(Which expression shall unless repugnant to the con'ext or inconsistent with themeaning thereof, mean and include their respective heirs, executors and assignees.)
WHEREAS
1. The parties hereto are desirous of entering,into partnership with effect from the11th Day of April, 2016 for the purpose of Construction of Residential Complexes,
Commercial & Office Complexes, Purchase and Sale of Land, Estate Property, Land
Development etc. at Vadodara in the firm name and style of "Shree Ganesh lnfra
Homes" on the terms and conditions agreed to by and between the parties hereto.
2. The parties hereto are now desirous of recording in writing the terms and conditions
of their partnership as under :
Now, therefore, this deed witnesses and records as follows:
NAME OF PARTNERSHIP FIRM
That the partnership business shall be carried on in the name and style of"Shree Ganesh lnfra Homes" andfor in such other name or names as the parties
hereto may from time to time mutually agree upon.
NATURE OF BUSINESS
That the business of the partnership shall be that of Construction of Residential
Complexes, Commercial & Office Complexes, Purchase and Sale of Land, Estate
Property, Land Development and all other activities incidental to the main
activities including such other services in relation thereto and/or such otheractivity or activities as the parties hereto may from time to time mutually agreed
upon.
3. PLACE OF PARTNERSHIP FIRM
The principal place of the business of the partnership shall be situated at Site
Office, Opp. Shreem Shrushti, Near Shyamal Enclave, Sun Pharma Road, Tandalja,
Vadodara-390012. The business of the partnership may also he carried out at
such other place or places as the partners may from time to time agree upon for
the greater interest of the firm.
"?Ht\{ (rr(n "f.{ujrn. l-)
C-t&nrciq ?uXfr]{.nrt1Partnersfiip Deed-"Shree Ganesh lnfra Homes"
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1.
2.
€- c'1i'lrra'-Pase 3 of 10
Anneuxre - IV
f
4. COMMENCEMENT
That the partnership as evidenced by this Deed of Partnership shall be deemed tohave commenced with effective from 11th Day of April, 2016.
CAPITAL OF THE FIRM
The capital of the firm shall be contributed and managed by the parties as per
the mutual agreement from time to time.
6. ADDITIONAT CAPITAT
Any additional finance that may be required, in addition to the capital
contributed by the Partners as aforesaid, shall be raised from such Persons,
Firms, Companies, Banks, Financers and Financial lnstitutions on such terms and
conditions as per mutual agreement from time to time.
DURATION OF PARTNERSHIP
That the partnership as evidenced by this Deed of Partnership shall be "AT WlLL".
WORKING PARTNERS
All the parties to this deed, having agreed to actively engage themselves in
conducting the affairs of business of the partnership shall be classified as the
'l orking Partners" of the firm.
9. REMUNERATION TO PARTNERS
The working partners shall be paid annual remuneration for the services
rendered by them during the year which shall be computed in the manner laid
down for deduction uls aO(bXv), read with Explanation 3 ofthe lncome Tax Act,
1961 or any other applicable provision as may be in force in the income tax
assessment of the partnership firm for the relevant accounting year.
Upon the mutual understanding of the partners, the remuneration paid to the
partners can be modified within the scope of the lncome-tax Act, 1961 or any
other applicable provision as may be In force in the income tax assessment of the
partnership firm for the relevant accounting year.
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Partnership Deed-"Shree Ganesh lnfra Homes"
6 C'fil'..to-
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Anneuxre - IV
,t.\It.-'r--
:
Such amount of remuneration shall be allocated
the following proportions:
working partners in
5r.No.
Name of Partners Percentage ofShare in
Remuneration(ln %)
7 Shri Ramniklal Savjibhai Tilva 20
2 Smt. Vanitaben Ramniklal Tilva 10
3 Shri Amitkumar Ramniklal Tilva 2A
4 Smt. Nirju Amitkumar Tilva 15
5 Shri Chiragkumar Ramniklal Tilva 20
6 Smt. Ekta Chiragkumar Tilva r.5
Total 100
The remuneration payable as stated above shall be payable to the working
partners and the same shall be credited to their respective capital accounts.
Monthly withdrawals can be made by the partners if they wish; against the
remuneration payable to them and if their withdrawals during the accounting
year exceeds the amount of remuneration found payable to them then the
excess shall be treated as drawings from their capital accounts.
INTEREST ON CAPITAT
The funds contributed by the partners as capital and/or loans shall bear simple
interest @ tZYo per annum or at such rates as may be determined from time totime under section 40(b) of the lncome Tax Act, 1961 or any other applicableprovision as may be in force in the income tax assessment of the partnership firmfor the relevant accounting year. Similar interest shall be charged on the debit
balance in the account of any partner. Such amount of interest shall be workedout and credited/debited to the capital accounts of the partners at the end of the
accounting year. However, no interest shall be provided or charged as the case
may be or the interest shall be provided or charged at a lesser rate if agreed upon
by the partners with mutual consent.
PRoFrr/Los{jiHAB! NG PRO poBrf oN
That the net profit and/or losses of the partnership business, after the payment
of all expenses and other outgoings, including the capital profits or losses, if any,
(after making due provision for partners' remuneration and partners' interest as
per clauses 9 & 10 above) shall be divided among the parties in the following
proportion d}l L'{'\{ tnr tr *( uU fn'JuC.rqrG,n \ug/13(rt t1
€- c' Ti l.ro'-Paee 5 of 10
10.
11.
Partnership Deed-"Shree Ganesh lnfra HomeJ'
Anneuxre - IV
5r.
No.
Name of Partners Percentage ofShare in
Profit/Loss
{ln %}
1 Shri Ramniklal Savjibhai Tilva 15
7 Smt. Vanitaben Ramniklal Tilva 16
3 Shri Amitkumar Ramniklal Tilva 18
4 5mt. Nirju Amitkumar Tilva 16
5 Shri Chiragkumar Ramniklal Tilva 18
6 Smt. Ekta Chiragkumar Tilva L6
Total 100
WITHDRAWAL BV PARTNERS
Each partner shall be entitled to withdraw from the partnership account any
amount for personal use from time to time keeping in view the financial position
of the firm and as per mutualconsent.
RESTRTCTTVE €LAUSE ON RAIS|NG FTNANCE
No partner shall raise any finances, loans(s) on and for behalf of the said firm
except with the written consent of the other partners. Any partner raising such
finances, loan(s) in contravention of this clause shall personally be responsible forits repayment"
AUTHORITY OF PARTNERS
The Partners shall be entitled and empowered to sign the agreements, contracts
or any other document for and on behalf of the firm. He / She shall also be
entitled to draw and accept, against issue of discharge or receipt or acceptance
documents, the payments either in cash or by cheques/drafts, etc from the
Government departments, undertakings, local authorities, or any other
person(s), concern(s), company/companies etc. pertaining to the business of the
firm. All the acts, actions and deeds of each partner, on and for behalf of the
firm, shall be deemed to have been done for and on behalf of the firm which shall
be binding on the other pa*ner, in all respects.
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Partnership Deed-"Shree Ganesh lnfra Homes"
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Anneuxre - IV
15.
16.
BANKERS OF THE HRM
That the bank account(s) of this partne all be opened, maintained
and closed with such bank or bank(s) as the parties hereto may, frorn time totime, decide. Such bank account(s) shall be operated by the joint signatures ofany two parties or in such other manner as the partners may by mutual consent,
from time to time, decide.
ACCOUNTING YEAR
That the accounting year of the firm shall be 'financial year' ending on the 31st
day of March of every year.
BOOKS OF ACCOUNTS
Regular books of accounts shall be kept by the partners and entries made therein
of such matters, transactions and things as are usually written and entered in the
books of accounts,'kept by a firm doing business like nature and such books
together with all papers, documents and vouchers concerning partnership shall
be kept at a place ofthe business. Each partner shall have access to the books ofaccounts of the firm at all times and shall be entitled by himself or through his
agent to make such copies thereof or to take such extracts as he may deem fit.
ADMISSION OF NEW PARTNER
The partners hereto may admit any new partner or partners upon such terrns and
conditions as may be agreed upon and the partnership shall be deemed to be
continuing on the admission of the new partner or partners.
RETIREMENT OF PARTNERS
That any partner may retire at any time by giving a notice for not less than 2(two) months of his/her intention to retire from the firm and after the expiry ofthe said notice period, he/she shall not be entitled to and liable for profits and
losses of the firms. lt is expressly agreed and declared by and between the
parties that upon such retirement of any partner, the firm name and goodwill of
the partnership as also all rights and privileges of the partnership shall belongto
the firm.
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18.
19.
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Partnership Deed-"Shree Ganesh Infra Homes"
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Anneuxre - IV
20. EFFECTOF DEATH
It is hereby mutually agreed by and between the parties that in case of death of
any one or more partners (God forbid), the firm shall not be dissolved but shall
continue to be carried on by and between the surviving partners and the heirs
and/or representatives of the deceased partner, as a continuing concern, on the
same terms and conditions as incorporated in this Deed or on such other terms
and conditions as may be agreed to by and between them from time to time.
2L. UPON DISSOLUTION OF PARTNERSHIP
Upon dissolution of the partnership a full account shall be taken of the assets and
liabilities of the partnership and of the transactions thereof and such assets and
*edits shall be sold/realized and the proceeds thereof applied in discharging
outside debts and liabilities together with interest accrued thereof, if any, and
the expenses of and incidental to the winding up of the partnership affairs and
the balance if any shall be applied in paying out the loans or borrowings from theparrners and in paying out the unpaid profits which may be due to himlher and
his/her contribution to the capital of the partnership and the balance, if any, ofsuch proceeds shall be divided between the partners in profit sharing ratio as
stated in clause '11'.
22. ARBITRATION
All disputes and questions which may arise during the continuance of thispartnership or thereafter between the partners or their representatives or legal
heirs concerning this indenture or construction or the application thereof or any
clause or thing therein contained, in any account, valuation, division of assets and
liabilities or any other matter in anyway relating to this partnership's business orthe affairs thereof or the rights, duties or liabilities of any person hereunder shall
be referred to arbitration in accordance with and subject to the provisions ofArbitration Act, as may be in force from time to time.
23 MOprFrcATroN
Notwithstanding anything stated or provided herein the parties hereto shall have
full powers and discretion to modify, add, alter or annul any terms and conditions
of this partnership deed in any manner whatsoever they think fit by mutual
agreement by executing a supplementary deed and any such deed when
executed shall have effect, unless otherwise provided, from the first day of the
accounting year ln which such supplernentary deed is executed and the same
ffiw
shall form part of original deed of partnership.
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Anneuxre - IV
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24. qOODVYTLL
That the Goodwill of the firm is the property of the firm and shall belong to thefirm only.
25. PROVISIONS OF.THE INDIAN PARTNERSHIP ACT. 1932
Any dispute among the partners, as to the construction, meaning interpretation
of any of the above clauses or any other manner concerning the business of the
firm shall be dealt with in accordance
Partnership Act, 1932 as may be applicable
with the provisions of the lndian
from time to time.
signatures in the presence
and year first herein above
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lN WITNESS WHEREOF the parties hereto have subscribed their respective
of witness who have also signed on the day, month
mentioned.
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Partnership Deed-"Shree Ganesh Infra Homes"Paee 9 of 1O
Anneuxre - IV
SIGNED AND DELIVERED BYTHE WITHIN NAMED PARTIES:
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SIGNED AND DELIVERED Photo SIGNATURE
SHRI RAMNIKLAL
TITVA
SAVJIBHAI
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TILVA
SHRI AMITKUMAR RAMNIKI.AL
TILVA
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Anneuxre - IV