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    Partition Deed

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    sanyu1208
    This document is a partition deed that divides the assets and liabilities of a Hindu Undivided Family (HUF) between its members. It details that the HUF owned shares, bank balances, and expected tax refunds. It then allocates specific assets to each member, including shares allotted to parties 2 and 3. Finally, it states that the entire capital of the HUF will be donated to a public charitable trust, with a cheque for donation issued before execution and agreement to donate any future tax refunds. The deed is then signed by all parties.

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    © All Rights Reserved
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    Partition Deed

    Uploaded by

    sanyu1208
    278 views2 pages
    This document is a partition deed that divides the assets and liabilities of a Hindu Undivided Family (HUF) between its members. It details that the HUF owned shares, bank balances, and expected tax refunds. It then allocates specific assets to each member, including shares allotted to parties 2 and 3. Finally, it states that the entire capital of the HUF will be donated to a public charitable trust, with a cheque for donation issued before execution and agreement to donate any future tax refunds. The deed is then signed by all parties.

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    This document is a partition deed that divides the assets and liabilities of a Hindu Undivided Family (HUF) between its members. It details that the HUF owned shares, bank balances, and expected tax refunds. It then allocates specific assets to each member, including shares allotted to parties 2 and 3. Finally, it states that the entire capital of the HUF will be donated to a public charitable trust, with a cheque for donation issued before execution and agreement to donate any future tax refunds. The deed is then signed by all parties.

    Copyright:

    © All Rights Reserved
    Download as DOC, PDF, TXT or read online from Scribd
    Download as doc, pdf, or txt
    278 views2 pages

    Partition Deed

    Uploaded by

    sanyu1208
    This document is a partition deed that divides the assets and liabilities of a Hindu Undivided Family (HUF) between its members. It details that the HUF owned shares, bank balances, and expected tax refunds. It then allocates specific assets to each member, including shares allotted to parties 2 and 3. Finally, it states that the entire capital of the HUF will be donated to a public charitable trust, with a cheque for donation issued before execution and agreement to donate any future tax refunds. The deed is then signed by all parties.

    Copyright:

    © All Rights Reserved
    Download as DOC, PDF, TXT or read online from Scribd
    Download as doc, pdf, or txt
    of 2

    PARTITION DEED

    THIS DEED OF PARTITION made at Bombay this ___ day of __________, 199_
    BETWEEN (1) _______________________, ____________ _______________,
    hereinafter called Party of the First Part, (2) ________________________,
    ____________ ____________________ , hereinafter called Party of the Second Part,
    (3) ________________________, ____________________ _____________, hereinafter
    called Party of the Third Part, and (4) _______________________, ____________
    _________________, hereinafter called __________ of the Party of the Forth Part.
    WHEREAS:
    a. ___________ is the Karta and Manager of the joint and undivided Hindu family,
    carrying on the activities under the name and style of
    "________________________" and "__________________________________"
    (hereinafter referred to as "the said ___", consisting of the said ___________, his
    wife, the said __________, and the said ____, and the said _____;
    b. The said ___ owned and possessed immediately before the partition : two
    telephones Nos. ________and _______, __ shares in ________ Ltd., ___ shares
    in _________________., ___ shares in _________________________________,
    Bank balance of Rs._______ with _______________________, _____________
    Bandra and expected refund of Rs.____/- from the income- tax department. The
    HUF had also incurred certain liabilities.
    c. The parties hereto agree that as on the ___ day of _____________ total partition
    has been effected amongst the members in respect of all the assets held by the
    said HUF on such partition :i.

    the said "___________" has been allotted VIII issue of


    ________________ Certificates at cost. The said certificates will be
    transferred to him on receipt of Rs.______/-.

    ii.

    the said _________ has been allotted the following shares at cost __
    Shares ________ Ltd. Rs. ______/___ Shares of _____________ Ltd. Rs. _______/___ Shares of _____________ Ltd. Rs. _______/Total
    Rs.________/-

    the abovenamed shares will be transferred to ________ on receipt of


    Rs.________/-

    iii.

    That the net capital of the said HUF immediately before the full partition
    is Rs.________ consisting of Rs._______ as bank balance and Rs.____/expected refund from the income-tax department;

    iv.

    That the parties hereto are desirous of affecting the full partition of the
    said HUF by giving donation of the entire capital held by the HUF.

    NOW THIS INDENTURE WITNESSETH AND IT IS HEREBY AGREED


    AND DECLARED BY and between the parties hereto as under:
    1. The parties hereto hereby declare that the said HUF has been fully partitioned on
    the ___ day of ______________.
    2. The parties hereto agree to donate the entire capital of Rs.______- held by the
    said ___ to _______ ____________ ( a public charitable trust).
    3. The parties hereto have issued a cheque for donation of Rs._____/- in favour of
    "__________________" immediately before the execution of these presents.
    4. The parties hereto agree to give further donation to _________________ as and
    when any refund is received from the income-tax department.
    5. The said ____ has been allotted telephone number _______.
    6. The said _____ has been allotted telephone number _______.

    IN WITNESS WHEREOF the parties hereto have set and subscribed their
    respective hands on the day and year first hereinabove written.
    SIGNED AND DELIVERED by the
    withinnamed
    )
    1) __________________________
    2) __________________________
    3) __________________________
    4) __________________________
    in the presence of ............
    )

    )
    ) ___________________
    ) ___________________
    ) ___________________
    ) ___________________

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