1st Supplementary Partnership Agreement- Krishna Agri Brokers
1ST SUPPLEMENTARY PARTNERSHIP DEED
OF
KRISHNA AGRI BROKERS
This 1st Supplementary Partnership Deed ("Agreement") is made and entered into as on 9 th day of
March, 2020 at Rajkot,
BETWEEN
Mr. Divyesh Ramdas Dasani [PAN: AIYPD5104A], S/o Mr. Ramdas Damodar Dasani, Indian Adult
residing at Block Number K-203, Aditya Heights, Gopal Chowk, Sadhuvasvani Road, Raiya Road,
Rajkot-360007, Gujarat, Gujarat, India hereinafter called as “Existing Partner 1” (which expression
shall unless repugnant to the context or meaning thereof be deemed to mean and include his heirs,
executors, administrators and permitted assigns);
AND
Mr. Bharat Ramdas Dasani [PAN: AIZPD0261B], S/o Mr. Ramdas Damodar Dasani, Indian Adult
residing at Flat No. K 203, Aditya Heights, Gopal Chowk, Sadhuvasvani Road, Raiya Road, Rajkot-
360007, Gujarat, India hereinafter called as “Existing Partner 2” (which expression shall unless
repugnant to the context or meaning thereof be deemed to mean and include his heirs, executors,
administrators and permitted assigns);
AND
Mrs. Chandniben Divyeshbhai Dasani [PAN: BHUPD2600K], D/o Mr. Rajeshbhai Vashantrai Makecha,
Indian Adult residing at Block Number K-203, Aditya Heights, Gopal Chowk, Sadhuvasvani Road,
Raiya Road, Rajkot-360007, Gujarat, India hereinafter called as “Incoming Partner 1” (which
expression shall unless repugnant to the context or meaning thereof be deemed to mean and
include his heirs, executors, administrators and permitted assigns);
AND
Mrs. Dharmiben Bharatbhai Dasani [PAN: BHUPD2599F], D/o Mr. Chunilal Jamnadas Rupareliya,
Indian Adult residing at Flat No. K 203, Aditya Heights, Gopal Chowk, Sadhuvasvani Road, Raiya
Road, Rajkot-360007, Gujarat, India hereinafter called as “Incoming Partner 2” (which expression
shall unless repugnant to the context or meaning thereof be deemed to mean and include his heirs,
executors, administrators and permitted assigns);
The Existing Partner 1 and Existing Partner 2 may be collectively referred to as the “Existing
Partners”.
The Incoming Partner 1 and Incoming Partner 2 may be collectively referred to as the “Incoming
Partners”.
________________ _______________ ____________________ ____________________
Mr. Divyesh Dasani Mr. Bharat Dasani Mrs. Chandniben Dasani Mrs. Dharmiben Dasani
Page 1 of 4 Pages
1st Supplementary Partnership Agreement- Krishna Agri Brokers
Existing Partners and Incoming Partners may be collectively referred to as the “Parties”.
WHEREAS, the existing partners of Krishna Agri Brokers name (hereinafter called “Partnership Firm”)
mutually decided to amend the Principal Partnership Deed dated 12 th April, 2017 (hereinafter called
“Principal Agreement”)
AND WHEREAS on the request of the new partner, the partners have agreed to introduce him/her as
a partner in the Partnership Firm and in consideration of the new partner contributing the sum of
Rupees as mentioned hereafter in this agreement towards the capital of the Partnership Firm of the
partners.
NOW IT IS HEREBY AGREED by and among Partners (existing partners and incoming partner) as
follows:
1. This Deed is supplemental to Principal Agreement and made between the partners of the
Partnership Firm on the terms of which the mutual rights and duties of the partners and their
rights and duties in relation to the Partnership Firm is determined.
2. A copy of the Partnership Firm’s Principal Agreement that is currently in full force acknowledges
to and with the Partnership Firm and Existing Partners, that Incoming Partners:
2.1. has been provided with a copy of the Principal Agreement,
2.2. has been given an adequate amount of time to review the Principal Agreement,
2.3. has read the Principal Agreement and understands that and all of its terms and
conditions;
2.4. knowingly and voluntarily executed this Agreement; and
2.5. agrees to be bound by all the terms and conditions of the Principal Agreement unless
otherwise amended by this Agreement.
3. Clause 8 of Principal Agreement amended and replaced as under:
3.1. The Net profit/Loss of the Partnership Firm arrived at after providing for and deduction
of all the costs, charges, expenses, liabilities, debts and taxes standing to their credit in
the books of the Partnership as on the last date of the relevant financial year shall be
divided and distributed amongst the Partners in the following proportion:
Sr. No. Name of Partners Percentage
1. Mr. Bharat Ramdas Dasani 25%
2. Mr. Divyesh Ramdas Dasani 25%
3. Mrs. Chandniben Divyeshbhai Dasani 25%
4. Mrs. Dharmiben Bharatbhai Dasani 25%
________________ _______________ ____________________ ____________________
Mr. Divyesh Dasani Mr. Bharat Dasani Mrs. Chandniben Dasani Mrs. Dharmiben Dasani
Page 2 of 4 Pages
1st Supplementary Partnership Agreement- Krishna Agri Brokers
3.2. On the cessation of business of the Partnership Firm, all the lawful outstanding dues of
the secured and unsecured creditors shall be first paid and all the other lawful liabilities
of the Partnership Firm shall be cleared. The balance, if any, shall be distributed among
the Partners in the profit sharing ratio.
4. Clause 9 of Principal Agreement amended and replaced as under:
9.1 All the parties have agreed to keep themselves actively engage in conducting the affairs
of the partnership firm as working partners for which they will be paid remuneration as
per the book profit calculated according to the explanation 3 to Section 40 (b) of the
income tax Act 1961 or any other applicable provisions as may be enforce in the income
tax assessment of the partnership firm for the relevant accounting year. The book profit
as determined in accordance with the provisions of Section 40(b) of the Income Tax Act,
1961 after deducting interest on capital as per clause 6.
9.2 The total remuneration payable to all the working partners will be determined as under:
a. Where the book profit is in To the extent of available profit up to
minus or up to Rs.3,00,000/- Rs.1,50,000/- or 90% of book profit, whichever is
more.
b. Where the book profit exceeds 60% of book profit exceeding Rs. 3,00,000 plus
Rs.3,00,000/-. Amount calculated at (a)
9.3 That where the book Profit as determined as per explanation 3 to section 40(b) of Income
Tax Act 1961 or any other applicable provisions as may be in force in the Income Tax
assessment of the partnership firm for the relevant accounting year is lower or nil or
minus, the remuneration shall be proportionately lower or NIL as the case may be.
9.4 Notwithstanding anything contained in clause 9.1, 9.2 and 9.3, Lower Remuneration to
Partners can be provided with mutual consent of partners.
4. Except as modified by this agreement, the said Principal Partnership Deed dated 12th April, 2017
shall hereafter be read and construed as if the same had been executed by the Existing Partners
and New Partners hereto.
IN WITNESS WHEREOF, the parties being subscribers to this 1 st Supplementary Partnership Deed have put
their respective hands on this 9th day of March, 2020 and signed in presence of witness:
Sr. Name of Partners Photograph Signature of Details and Signature of Witness
No. Partners
1. Mr. Bharat Ramdas Common witness to All Partners
Dasani
Mr. Dhruv Pradip Sampat
S/o Pradip Dwarkadas Sampat
R/o “Om”, Tulsi Bunglow-02,
B/H Bharatvan Society,
Nr Santosh Park, 150 Feet Ring
Road, B/H Sterling Hospital,
________________ _______________ ____________________ ____________________
Mr. Divyesh Dasani Mr. Bharat Dasani Mrs. Chandniben Dasani Mrs. Dharmiben Dasani
Page 3 of 4 Pages
1st Supplementary Partnership Agreement- Krishna Agri Brokers
2. Mr. Divyesh Raiya Road, Rajkot-360007,
Ramdas Dasani Gujarat, India.
Occupation : Advocate
Signature :
3. Mrs. Chandniben
Divyeshbhai Dasani
4. Mrs. Dharmiben
Bharatbhai Dasani
________________ _______________ ____________________ ____________________
Mr. Divyesh Dasani Mr. Bharat Dasani Mrs. Chandniben Dasani Mrs. Dharmiben Dasani
Page 4 of 4 Pages
