LLP AGREEMENT

OF
SHARMA INFRATECH GEOTECH AND MATERIAL TESTING LAB LLP
(As per Section 23(4) of the Limited Liability Partnership Act, 2008)
This Agreement of LLP Executed at WARD NO 2 BYE PASS ROAD , SOLAN , 173211 on
….........................................................
1. INDER DUTT SHARMA (An Indian Resident) residing at C/O INDER DUTT SHARMA VILL
GUMMA PO BAUR THE NERWA CHOPAL SHIMA HP , 171210 which expression shall,
unless it be repugnant to the subject or context thereof, include their legal heirs,
successors, nominees and permitted assignees and hereinafter called the FIRST PARTY

AND
2. MOHINDER LAL (An Indian Resident) residing at C/O MOHINDER LAL VILL KANDA P O
HALAU THE CHOPA SHIMLA 171210 which expression shall, unless it be repugnant to the
subject or context thereof, include their legal heirs, successors, nominees and permitted
assignees and hereinafter called the SECOND PARTY

THE FIRST AND THE SECOND PARTYFALSE SHALL BE COLLECTIVELY REFERRED TO AS

DESIGNATED PARTNERS

NOW, the above Parties are interested in forming a Limited Liability Partnership under
the Limited Liability Partnership (LLP) Act, 2008 and that they intend to write down the
terms and conditions of the said formation and;

IT IS HEREBY AGREED BY AND BETWEEN THE PARTIES HERETO AS FOLLOWS:

1. LLPIN
The LLPIN is: ACM-3508

2. NAME
A Limited Liability Partnership shall be carried on in the name and style of SHARMA
INFRATECH GEOTECH AND MATERIAL TESTING LAB LLP and hereinafter called
as LLP.
3. REGISTERED ADDRESS
The registered office of the LLP will be situated at WARD NO 2 BYE PASS ROAD , SOLAN ,
173211

4. DATE OF COMMENCEMENT
The LLP as constituted under this Deed shall be deemed to be have commenced on the
Agreement -2 partners 25th February, 2025
5. BUSINESS
The business of the LLP shall be: Other professional, scientific and technical activities,
Technical testing and analysis

6. CAPITAL CONTRIBUTION
Name of Partner Amount of
Nature of Contribution Contribution
INDER DUTT SHARMA Cash Rs. 50000
MOHINDER LAL Cash Rs. 10000
Total Rs. 60000

The total contribution of the Partners in the LLP shall be Rs. 60000 (Rupees Sixty
Thousand only) which shall be contributed by the Partners in the above proportions. The
further Contribution, if any, required by the LLP shall be brought by the Partners in their
existing capital contribution ratio or at any ratio as agreed and decided by the all of the
partners.

7. NET PROFIT/ LOSS OR DISTRIBUTION OF PROFITS

The net profits of the LLP arrived at after providing for payment of remuneration to the
working Partners or designated Partners and interest to Partners on the loan given by
them shall be divided by the Partners in the following ratio:

Name of Partner Percentage of Profit/ Loss

INDER DUTT SHARMA 83%
MOHINDER LAL 17%
100%

The losses of the LLP including loss of Capital, if any, shall be borne and paid by the
Partners in their Profit-sharing ratio.

8. DESIGNATED PARTNERS:

Name of the Partner Type of Partner DIN

INDER DUTT SHARMA Designated Partner 06700621
MOHINDER LAL Designated Partner 9453393
9. ACTS, THINGS REQUIRED TO BE DONE BY A DESIGNATED PARTNER IN RESPECT OF
THE COMPLIANCE OF THE PROVISIONS OF THE LLP ACT:
• Every designated partner to obtain a DIN (Director Identification Number).
• Designated Partners to give at least 90 days prior notice before resigning from the LLP.

• Prior consent of the Designated Partner is obligatory before becoming a designated

partner.
• Every partner shall cease to be a partner in accordance with the LLP agreement.
• Resigning partner to file notice of resignation with the Registrar if he/she has reason to
believe that LLP would not file the same with Registrar.
• Every Partner & Designated Partner shall give information asked by Registrar to be
furnished.

10. PARTNERS’ POWERS & DUTIES:

1. Powers of Partners:
Unless otherwise decided, all the Partners hereto shall have the following powers to:

· The rights, title and interest in all the assets and properties in the said LLP in the
proportion of their Contribution to the Capital of the LLP.
· Access to and rights to inspect and copy Account books of the LLP, unless it is proved
detrimental to the functioning of the LLP.
· Engage or dismiss employee/s of the LLP.
· Each of the Partner hereto shall be entitled to carry on their own, separate and
independent business as hereto he/she might be doing or he/she may hereafter do as
they deem fit and proper and other Partners and the LLP shall have no objection thereto
provided that the said Partner has intimated the said fact to the LLP before the start of
the independent business and moreover he/she shall not be engaged in any business
which is same or similar to the nature of business in which LLP is engaged and shall not
directly or indirectly use the name of the LLP to carry on the said independent business.

· If any Partner shall advance any sum of money to LLP over and above his/her due
contribution to Capital, the same shall be a debt due from the LLP to the Partner
advancing the same and shall carry simple interest at the rate of 12 (Twelve) % per
annum or any other rate as may be decided by all the Partners.
· LLP shall have perpetual succession. So, death, retirement or insolvency of any
Partner shall not dissolve the LLP.

· On retirement of a Partner, the retiring Partner shall be entitled to full payment in

respect of all his/her rights, title and interest in the LLP. However, upon insolvency of a
Partner his/her rights, title and interest in the LLP shall come to an end. Upon the death
of any of the Partners the heir/executors/administrator of such deceased partner would
· On retirement of a Partner, the retiring Partner shall be entitled to full payment in
respect of all his/her rights, title and interest in the LLP. However, upon insolvency of a
Partner his/her rights, title and interest in the LLP shall come to an end. Upon the death
of any of the Partners the heir/executors/administrator of such deceased partner would
be admitted as decided mutually between existing partners. The heirs, executors and
administrators of such deceased Partner shall be entitled to and shall be paid the full
payment in respect of the right, title and interest of such deceased partner.
· On the death of any Partner, if his/her heir opts not to become the Partner, the
surviving Partners shall have the option to purchase the contribution of the deceased
Partner in the LLP.

2. Duties of Partners:
Unless otherwise decided, all the Partners hereto shall have the following duties:
· Each Partner shall be just and faithful to the other Partners in all transactions relating
to the LLP
· Each Partner shall render true accounts and full information of all things affecting the
LLP to any Partner.
· Every Partner shall account to the LLP for any benefit derived by him/her without the
consent of the LLP of any transaction concerning the LLP, or for any use by him/her of
the property, name or any business connection of the LLP.
· Punctually pay and discharge the separate debts and engagement and indemnify the
other Partners and the LLP assets against the same and all proceedings, costs, claims and
demands in respect thereof.
· Designated Partners are responsible for doing all the acts required to be done in
accordance with the provisions of the Limited Liability Partnership (LLP) Act 2008.

3. Authority of Partners:
A Partner may lend money and transact other business with LLP and has the same rights
and obligations with respect to loan or other transaction as a person who is not a Partner.

4. Mutual Rights & Duties of Partners:

· Mutual Rights and Duties of the Partners shall be governed by the LLP agreement.
· Changes in the LLP Agreement from time to time, if any, must be filed with the
Registrar of LLP.
· Agreement in writing made before incorporation of LLP may be binding, if ratified by
all the Partners after incorporation.
· Person may cease to be a Partner in accordance with the LLP agreement, and he/she
shall give 90 days prior notice to the LLP.
· Retiring Partner shall not have any right to interfere in future working of the LLP.

· Partner shall intimate to the LLP any change in his/her name, address or other details.

5. Mutual Rights & Duties of LLP and Partners:

· All Partners will be agents of LLP but not that of other Partners.
· LLP or other Partners have no liability if a Partner does anything:
a. For which he has no authority.
b. The person who is dealing with the Partner knows or has reason to believe that the
Partner has no authority.
· LLP shall not be liable to any person, if a Partner does something which is wrongful
by exceeding his/her authority and the said Partner shall be personally liable.

· Obligation of LLP arising out of contract or otherwise shall solely be that of LLP and
not that of Partners
· No Partner shall be liable directly or indirectly for any wrongful act, deed or omission
done by other Partner/s.

6. Restrictions on Partners’
Unless otherwise decided, no Partner shall:
· Without the written consent of majority of Partners, holding Capital of 51% of the
total Capital of the LLP, transfer or assign his/her interest or capital contribution in the
LLP to any third party other than the existing Partners.

7. Management & Administration:

a. Acts, matters or things to be done with the requisite number or percentage of
Partners:
· The LLP, may, in addition to the registered office address, declare any other
address as its Address for service of documents, under sub-section (2) of section 13.
The consent of all the Partners of the LLP shall be required for such declaration.

b. Manner of Obtaining Consent:

· By Resolution passed in the meeting of the Partners and signed by majority of the
Partners.
 c. Procedure for calling, holding and conducting meetings:
· The meeting of Partners may be called by giving 2 days’ notice. In case if any
urgent meeting is called the notice requirement is to be ratified by all the Partners.
· The meeting of the Partners may be called by sending 2 days prior notice to all the
Partners at their residential address or by email or by fax or in case of urgent meeting
the same can be called by telephonic conversation but the notice requirement is to be
ratified by all the partners subsequently
· The matter discussed in the LLP meeting shall be decided by a resolution passed by
a majority (51% or more share in Capital of LLP) in votes of the Partners, and for this
purpose, each Partner shall have voting rights equal to his/her Capital Contribution
ratio.
· The meeting of Partners shall ordinarily be held at the registered office of the LLP
or at any other place as per the convenience of special majority of Partners.

· Subject to and so far as it is permitted by the Law, any meeting of the Partners can
be held by participation of the Partners through tele-conferencing, video conferencing
where the Partners are at different places, provided that each Partner who participates is
able:
a. To hear each of the other participating Partners or members addressing the
meeting; and
b. If he/she so wishes, to address all the other members or Partners
simultaneously, whether directly, by conference telephone, videophone or by
any other form of communications equipment (whether in use when this
Agreement is executed or developed subsequently) or by a combination of
those methods;
c. A meeting held in this way shall be deemed to be taken place where the
largest group of participating Members or Partners is assembled or, if no such
group is readily identifiable, at the place from where the Chairman of the
meeting participates.
· The LLP may as and when required, decide to record the decisions taken at the
meeting of the Partners and maintain a Minutes book which may be kept at the
registered office of the LLP or at any other place as may be decided by the Partners
from time to time.

8. Details of Indemnity:
· The LLP shall indemnify and defend its Partners and other officers from and against
any and all liability in connection with claims, actions and proceedings (regardless of
the outcome), judgment, loss or settlement thereof, whether civil or criminal, arising out
of or resulting from their respective performances as Partners and officers of the
LLP, except for the gross negligence or wilful misconduct of the Partner or officer
seeking indemnification.
 · The LLP shall indemnify each Partner in respect of payments made and personal
liabilities incurred by him/her;
· In the ordinary and proper conduct of the business of the LLP; or
· In or about anything necessarily done for the preservation of the business or
property of the LLP
· Every Partner shall indemnify the LLP and the other existing Partner/s for any loss
caused to it by his/her fraud in the conduct of the business of the LLP

9. Admission, Retirement, Cessation,

a. Admission of Partner:
· New Partner shall not be introduced without the consent of special majority of
Partners, holding Capital of 51% or more, whether held individually or collectively, of
the total Capital of the LLP. Such incoming partner shall give his/her/its prior consent
to act as Partner of the LLP
· The Contribution of the Partner may be tangible, intangible, moveable or
immoveable property and the incoming Partner shall bring minimum capital
contribution of cash or in kind for value equivalent to Rs. 1,000.
b. Retirement, Cessation, Expulsion & Resignation:
· Partners to give at least 90 days prior notice before resignation.
· A Partner can be expelled from the LLP by all of the Partners, holding Capital of
51% or more, whether held individually or collectively, of the total Capital of the LLP.

c. Retirement, Cessation, Expulsion & Resignation:

· Cessation in itself does not discharge the Partner from obligation to LLP or any
other Partner or Partners or other persons which he/she incurred while being a Partner.

· When a Partner ceases to be a Partner, unless contrary to the LLP Agreement, the
ceasing or outgoing Partner or any other person entitled on his/her behalf to his/her
share in consequence of death or insolvency of ceasing or outgoing Partner shall be
entitled to:

Amount equal to Capital Contribution (+) Accumulated Profits & Assets (-)
Accumulated Losses & Liabilities

10. Resolution of Disputes:

· All disputes between the Partners or between the Partner and the LLP arising out of the LLP
Agreement which cannot be resolved in terms of this Agreement shall be referred for Arbitration as
per the provisions of the Arbitration and Conciliation Act, 1996 (26 of 1996) for the time being in
force or any other statutory modification or re-enactment thereof.
 11. Duration of LLP:
· LLP shall have perpetual succession. So, death, retirement or insolvency of any partner shall not
dissolve the LLP.
· LLP shall not be dissolved even if notice of dissolution is given by any partner or partners, unless
dissolved by full consent of all the partners in writing.

12. Voluntary Winding Up:

· Voluntary winding up of the LLP shall be as per the provisions of the LLP Act, 2008 and the
Rules for the time being in force or any other statutory modification or re-enactment thereof.

13. Important Provisions:

· Change in registered office address:
The LLP may change its registered office from one place to another by following the procedure as laid
down in the LLP Act, 2008 and/or the Rules for the time being in force or any other statutory
modification or re-enactment thereof.

· Additional Address for service of documents:

The LLP, may, in addition to the registered office address, declare any other address as its address for
service of documents, under sub-section (2) of section 13. The consent of majority of Partners,
individually or collectively holding 51% or more of the Capital of the LLP shall be required for such
declaration.

· Change in the name of the LLP:

The limited liability partnership may change its name by following the procedure as laid down in the
LLP Act, 2008 and the Rules for the time being in force or any other statutory modification or re-
enactment thereof.

· Removal of an Auditor:
The Partners of a LLP may remove an Auditor, if any, from office at any time by following the
procedure as laid down in the LLP Act, 2008 and the Rules for the time being in force or any other
statutory modification or re-enactment thereof.

14. Miscellaneous Provisions:

· Remuneration to Partners
It is agreed by and in between the Partners that all the working partners will be entitled to
remuneration as per the provisions of Section 40(b) of the Income Tax Act, 1961 and amendments
made thereto. And accordingly, all the Partners are working Partners, unless otherwise specifically
decided by the Partners.

The remuneration payable shall be credited to their respective accounts on ascertainment of

Book profits.
 · Bank Account:
The partners shall open one or more Bank Accounts in the name of the LLP and the account so opened
shall be operated as mutually decided by the parties.
· Accounting year:
The accounting year of the LLP shall be from April of the year to 31 st March of subsequent year. The
first accounting year shall be from the date of commencement of this LLP till the next 31 st March.

· Immovable Properties:
The immovable properties purchased by the LLP shall be clear, marketable and free from all
encumbrance.

IN WITNESS WHEREOF the parties have put their respective hands the days and year
first herein above written

Signed and delivered by:

For and on behalf of:

INDER DUTT SHARMA

(First Party)

MOHINDER LAL
(Second Party)

Witness