1. The applicant must be a PAN holder.
2. There are total 1,50,000 Partnership Units (PUT).
3. There are many PUT Lots.
4. Price of PUT will be different in different Lots but the value of PUT is equal.
5. PUT is transferable at the charge of Rs.500/-per PUT.
6. The PUT holder can surrender their PUT at any time with 56% of purchasing price.
7. Return against PUT is 6% per annum (1.5 % quarterly for 6 quarters).
8. Reward against PUT is 6% per annum (1.5 % quarterly for 6 quarters).
9. From 7th quarter, all PUT holders will get 50% profit of JSM group of companies, the profit-sharing ratio divided equally. Except Uniteck Green City 1 & 2.
10. Remaining 50% profit will be used for proceeding years investment for JSM group of companies.
11. In case of any mishappening with the PUT holder, it will be Transferable to their nominee.
12. The management of the company reserves the right to change/amend /modify or alters prospectively any of the rules/regulations and payment plan and introduce new payment plans at any time at its sole discretion with or without any prior notice.
13. In case of any dispute between the Parties arising out of or in connection with this Agreement, the same shall be resolved through arbitration to be held in Noida (Gautam Buddha Nagar) judiciary in accordance with the provisions of Arbitration & Conciliation Act, 1996 by a mutually appointed arbitrator.
14. For any item not covered in this Agreement, the same shall be settled mutually after consultation of both the parties; however, the decision of the JSM shall be final and binding.
15. After completing 6th quarter of last PUT, profit distribution will be in January, April, July and October.
16. 10% TDS applicable on all type of return(s).