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| Change in Constitution of Partnership Firm Format |
In the name of ALLAH, the most beneficent, the most
merciful
DEED OF PAR
Change in constitution of
“M/S Dilbahar Associates
& Developers”
This deed of partnership is made on 13th
day
of April, 2021 in the city of
BETWEEN
1.
Farhan Yaseen son of Muhammad Yaseen R/O House
No. 1, Street No. 1, Mohallah Shah Chan Chiragh, Rawalpindi , (hereinafter
referred to as Partner No. 1-Continuing Partner
)
2.
Nauman Yaseen son of Muhammad Yaseen R/o House No. 1,
Street No. 1, Mohallah Shah Chan Chiragh, Rawalpindi. (hereinafter referred to
as Partner No. 2- Continuing Partner. )
3.
Muhammad Yaseen son of Said Ahmed
R/O House No. 1, Street No. 1, Mohallah
Shah Chan Chiragh,
4.
Rehan Alam son of Muhammad
Yaseen resident of House No. 1, Street
No. 1, Mohallah Shah Chan Chiragh,
5. Suleman Alam son of Muhammad
Yaseen resident of House No. 1, Street
No. 1, Mohallah Shah Chan Chiragh,
Whereas (1) Farhan Yaseen son of Muhammad Yaseen R/O House
No. 1, Street No. 1, Mohallah Shah Chan Chiragh, Rawalpindi (2) Nauman Yaseen son
of Muhammad Yaseen R/o House No.
1, Street No. 1, Mohallah Shah Chan Chiragh, Rawalpindi (3) Muhammad Yaseen son of Said Ahmed R/O House No. 1, Street No. 1, Mohallah Shah
Chan Chiragh, Rawalpindi (4) Rehan Alam son of Muhammad Yaseen resident of House No. 1, Street No. 1,
Mohallah Shah Chan Chiragh, Rawalpindi were continuing the Partnership Business vide Partnership Deed dated 23-07-2020
registered with the Registrar of Firms Rawalpindi District vide Form D No. 202
of 2018 dated 23-07-2020.
Whereas, Suleman Alam son of Muhammad Yaseen resident of House No. 1, Street No. 1,
Mohallah Shah Chan Chiragh, Rawalpindi has joined in this partnership as
partners No. 5 w.e.f 13-04-2021
All the partners are agreed to start their
business with the following aims
I.
The prime reason
is to become a party of construction industry of
II.
The line of business of the firm shall be lay
out, construct, build, erect, demolish, alter, layout, re-model or do any other
work in connection with any infrastructure including apartments, homes, plazas,
multi-storied flat, business offices, shops, markets, warehouses, industrial
and commercial buildings, roads, dams, bridges, spillways, highways,
reservoirs, airports, seaports, parks, canals, irrigation improvements,
amusement parks, convention centres, hi-technology industrial parks, and
structures of all descriptions and to equip the same or any part thereof with
all or any conveniences, drainage and sewerage facilities, water supply, electric and gas installations, structural or
architectural work of any kind whatsoever and for such purpose to prepare
estimates designs, plants specifications subject to any permission required by
law and approval from competent authorities. Firm can also import all kinds of
material required for construction of above mentioned works and can also manufacture
them locally if required.
TERMS AND CONDITION
1.
NAME AND
That the business of the partnership shall be named
as “M/S Dilbahar Associates &
Developers”
2.
CHAIN OF COMMANDS OF THE FIRM
That the Partner No. 3 shall be chief executive of the firm (CEO)
who in this case is “Muhammad Yaseen ”. C.E.O can plan and execute business
development by the consent of al three partners. While the rest of four partners
shall be working partners according to departments given by the C.E.O. The
partners will open the account of the firm with any scheduled bank in
3. SHARING PERCENTAGE IN
PROFIT AND LOSSES
Farhan
Yaseen 15%
Nauman
Yaseen 15%
Muhammad
Yaseen 40%
Rehan
Alam 15%
Suleman
Alam 15%
4. LOCATION OF OFFICE
All
partners agreed that the Head Office will be situated at “Office No. 1,
First Floor,
5. DURATION OF BUSINESS:
The duration of partnership shall be at will.
Any partner wishing to retire from the partnership shall give three months clear notice on expiry of
which the partnership in between the partners shall deem to have been
discontinued.
6. DISSOLUTION OF BUSINESS:
In case of dissolution of the firm, a general account of the partnership shall be
taken as on the date of dissolution and after paying the debts/ liability, the
remaining assets shall be divided by the partners in the proportion in which they
are entitled to share profit. However, in case of death of any partner, the fate of the firm
continuation shall be decided with
the mutual of heir/heirs of deceased
partner.
7. ARBITRATION:
That in case of any dispute or difference between the partners, the matter
shall be referred to Arbitrator, who will be appointed with the mutual consent of
the partners. The decision of the said Arbitrator shall be final and
binding on both the partner sand their
legal heirs and representatives.
In witnesses whereof, both the partners have signed this
deed with their free will and without any pressures.
First Partner Second
Partner
Farhan Yaseen Adnan Khan
CNIC No. 37405-000000-0 CNIC
No. 37405-000000-0
Third Partner Fourth
Partner
Muhammad Yaseen Rehan Alam
CNIC No. 37405-000000-0 CNIC No. 37405-000000-0
Fifth Partner
Suleman Alam
CNIC No. 37405-000000-0
Witness No.1 ___________ Witness
No.2 ___________
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