Is it allowed to create a conditional gift deed for transfer of shares?
Incase company not reached ___% profit in next 5 years the shares will be retransfer to its donor.
Gift Deed can be conditional but the Gift Deed will be valid if transfer of the title is passed on immediately by the donor and accepted by the donee. Otherwise it will be treated as Will. In a conditional gift deed it can be mentioned that the donor will live in the premises gifted to the donee, till he dies.
