Gift deed

Raj (Querist) 28 January 2013 This query is : Resolved
I wish to gift some shares in physical form to my sisters, which I have inherited from my mother (out of three sisters one has passed away and has two sons). I am given to understand that it should not be necessary to prepare a gift deed for the same. Is it so irrespective of the value of shares to be gifted.

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Raj Kumar Makkad (Expert) 28 January 2013
No. there is no need to frame gift deed rather transfer by way of signing transfer form so that those share may be got transferred in favour of your sister by the concerned company.

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