GIFT DEED ON SHARES
ARPIT DOSHI
(Querist) 22 April 2009
This query is : Resolved
DEAR ALL
CAN ANYONE PROVIDE ME A SPECIMEN COPY OF GIFT DEED OF GIFT TO SHARES TO ANY UNRELATED PERSON IN SPECIFIC FORM.
A V Vishal
(Expert) 22 April 2009
Deed of Gift of Shares and Securities
Deed of Gift made at . . . . . this . . . . . day of . . . . . . . between . . . . . of . . . . hereinafter
referred to as the Donor of the one part and . . . . . . . . . of..............................................................
hereinafter referred to as 'the Donee' of the other Part.
WHEREAS -
(1) The Donor owns certain shares and debentures of different Companies and what are set out in the Schedule hereunder written.
(2) The Donor desires to make some provision for his said ......... the Donee during his lifetime and therefore proposes to make a gift of the said shares and debentures to the Donee.
(3) The Donee has accordingly delivered the share certificates and debentures to the Donee and has also delivered to her transfer forms duly signed by the Donee as transferor and by the Donee as transferee to enable the Donee to get name transferred in the records of the
Companies concerned.
(4) The Donor desires to record the gift by this deed.
NOW THIS DEED WITNESSTH THAT pursuant to the said desire of the Donor and in consideration of natural love and affection,,,,,,,,,,,,,,,, he has for the Donee, the Donor doth transfer by way of gift the said shares and debentures the particulars of which are listed in the Schedule hereunder written and all the right title and interest of the Donor therein or thereto unto and to the use of
the Donee absolutely and the Donor declares that until the shares and debentures are transferred in the name of the Donee in the Company's records, the same will be deemed to be held by the Donor as a trustee for the Donee.
The Schedule above referred to
Signed by the withinnamed
Donor '. . . . . .. . . . . .'
in the presence of )
1..........
2.........
Signed by the withinnamed Donee . . ... . . . . .. . . . . .
in the presence of ........
Shashikant V. Patil
(Expert) 24 April 2009
Mr Vishal has rightly sent the draft of gift deed in respect of shares to be gifted to any unrelated person.
Guest
(Expert) 28 February 2017
One company named XYZ Ltd. desires to transfer its investment in another company through execution of a Gift-Deed.
Now my query is as under:
Is it necessary to register a gift-deed for transfer of shares from one company another company?
