M/S MAHA LUXMI RICE & GENERAL MILLS

VILLAGE KOLIANWALIMALOUT

RETIREMENT DEED
This deed of Retirement is made and executed on 31st day of July 2014 amongst:-
1. Om Parkash S/O Sh.Bool Chand aged about 59 years R/0 Malout
(hereafter called the retiring partner) (party of the 1st part)

2. Rajinder Kumar S/O Sh.Hoshiar Singh aged about 37 years R/0 Malout
(hereafter called the retiring partner) (party of the 2nd part)

3. Ajay Kumar S/0 Sh.Mathra Dass aged about 37 years R/O Malout
(hereafter called the Retiring partner) (party of the 3th part)

4. Sukhpal S/O Sh. Sohan lal aged about 42 years R/O Malout
(hereafter called the continuing partner) (party of the 4th part)
Where as the aforesaid partners were carrying on the business under the name &
style of M/S MAHA LUXMI RICE & GENERAL MILLS , V/KOLIANWALI
Since 16/07/2012 And now Sh.Om Parkash, Rajinder Kumar and Ajay Kumar
party of the 1st,2nd & 3rd part Retired from the said firm with his own free will
w.e.f.3lst day of July 2014.
WHEREAS a regular DEED OF RETIREMENT is deemed necessary and
expedient in order to avoid the possibility of any future dispute, NOW, the parties
hereto fore hereby execute this Deed of Dissolution out of their own free WILL on
the terms & conditions noted hereunder
Contd. P.No. 2

************ 2 ***********
NOW THIS INDENTURE WITNESSETH AS UNDER:-
1. THAT the said partnership is hereby terminated and dissolved and shall stand
terminated and retired w.e.f.31.07.2014.
2. THAT the partnership firm partners have mutually prepared the account of
assets & liabilities of the said firm and these profit & loss account ( As per Profit
& Loss Account & Balance Sheet enclosed herewith).
3. THAT the goodwill of the partnership firm will be taken value as zero.
4. THAT the assets and liabilities as per balance sheet aforementioned have been
allotted and assigned to the continuing partners who have agreed to discharge all
the said liabilities of the firm. The retiring partners (party of the 1st,2
nd
&3rd )
hereby relinquish, release, assign, disclaim and convey all his rights and interests
in the partnership properties, out standings, privileges, trade names, trademarks, of
M/S MAHA LUXMI RICE & GENERAL MILLS, V/KOLIANWALI MALOUT
In favour of the continuing partner who have undertaken to save harmless the
retiring partner party of the 1st part from any and all liabilities or obligations of
the partnership firm
5.THAT the above said retiring partners OM PARKASH,RAJINDER KUMAR &
AJAY KUMAR hereby release and relinquish their share in the dissolved firm
and its assets & liabilities goodwill in favour of the continuing partner who shall
hereinafter entitled to the assets of the firm including its goodwill and shall be
liable for its debts and liabilities both past and future.
6. THAT the retiring partner OM PARKASH, RAJINDER KUMAR & AJAY
KUMAR shall absolutely no concern or connection or interest whatsoever with
the name of M/S MAHA LUXMI RICE & GENERAL MILLS,V/KOLIANWALI
MALOUT or new firm created by the continuing partner from the date of
dissolution and continuing partners hereinafter be entitled to the profit & loss of
the business of the dissolved firm.
7.. THAT the retiring partners OM PARKASH, RAJINDER KUMAR & AJAY
KUMAR will hereby assigns to the continuing partner all the share and interest of
retiring partner in the said partnership and the business goodwill assets and debts
of the books thereof the against other persons to hold the same to continuing
partner.
8.THAT in the case of any matters relating to income tax, sale tax, bank or banks,
civil or criminal, revenue any ommission or error, tax or penalty relating upto
which OM PARKASH, RAJINDER KUMAR & AJAY KUMAR was the partners
of the firm of M/S MAHA LUXMI RICE & GENERAL
MILLS,V/KOLIANWALI MALOUT only continuing partner shall be held liable.



CONTD. P.NO. 3

********* 3 *********
9. THAT account of assets and liabilities of the partnership have been taken and a
final profit and loss account as well as a final balance sheet have been prepared
and have been signed by each 'party.
10.THAT the capital of the retiring partners OM PARKASH ,RAJINDER
KUMAR and AJAY KUMAR after adjusting their expenses up to the date of
retirement has been ascertained and the above ascertained balance has been found
to be accurate by each of the partners.
11.THAT the continuing Proprietor SUKHPAL shall have the sole and exclusive
rights of M/S MAHA LUXMI RICE & GENERAL MILLS ,V/KOLIANWALI ,
MALOUT to endorse, collect or bank transac-tions cheques, notes, drafts or other
negotiable instruments or securities in the firm names.
12.That as regarding liability of any type of business i.e. milling with Pun Grain &
,F.C.I. or any govt.deptt. the liability of the same will remains with all the partners
upto 31/07/2014 and retiring partners Sh.OM PARKASH , RAJINDER KUMAR
and AJAY KUMAR will not be held responsible for the stock of the govt.deptt
And whereas stock of Govt. Deptt. has been found in order & upto date and the
liabilities after 31/07/2014 will lies on the countinue partner only.
13.THAT the original copy of this Retirement deed shall be re-tained by the
continue partner , who shall at all reasonable time be bound to produce the same
before any court or authority or for the inspection of the ist & 2
nd
and 3
rd
party
hereto.
14. THAT account books shall remains in the custody of continue partner only
and he will be bound for production/inspection to any department whether income
tax, sale tax and other matters.
In witness whereof the parties have signed this deed on this day and month
mentioned supra.

1. WITNESS SIGNATURE OF THE RETIRING PARTNERS

1. ____________________________________
(OM PARKASH)

2. ____________________________________
(RAJINDER KUMAR)

3. ____________________________________
2. WITNESS (AJAY KUMAR)

SIGNATURES OF THE CONTINUING PARTNER

1. _______________________________________
(SUKHPAL)