**Summary of the Deed of Partnership**
This deed of partnership outlines the terms and conditions of the partnership between Mr. Mahesh Pipaliya and Mr. Ketan Shah, who will operate a business under the name "EMKAY VENTURES". The partnership will engage in various activities, including buying, selling, and trading goods and services, both online and offline.
**Key Points:**
1. The partnership will commence on August 1, 2024, and will be carried out at a specified address in Mumbai.
2. The capital of the firm is Rs. 3,00,000, contributed equally by both partners.
3. The partnership can be dissolved by any partner with a 3-month clear notice in writing.
4. The accounting year will end on March 31, and interest will be paid to partners at a rate of 12% per annum.
5. Remuneration for working partners will be computed as per the Income-tax Act, 1961, and will be shared equally between the two partners.
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