__________, herewith form a general partnership to be known as the ______ Investment Club.
The partnership shall commence on _____________________ and shall continue for a period of five years, and then thereafter year for year, unless earlier terminated by this agreement.
Each partner shall on or before _____________________ make an initial capital contribution of Rs._____ (____________________& __/100 rupees).
Partners shall be entitled to make additional capital contributions of at least Rs.____ (____________________& ___/100 Rupees) at any regular meeting of the partnership, provided, however, that the no partners capital contribution shall at any time exceed _______ percent of the total capital of the partnership. Profits and losses shall be allocated to each partner in the same proportion as their capital account bears to the total capital of the partnership.
Books of account shall be created and maintained of all transactions of the partnership. A yearly report shall be presented to members of the results of the operation of the partnership. The books shall be open to examination by partners at all reasonable times. Upon a vote of the partners, an accounting firm may be appointed to perform bookkeeping or other services. It shall not be necessary for the affairs of the partnership to be audited; however, upon the vote of the majority of the partners an audit may be commissioned….
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