Can any member provide me a draft of gift deed for gift to minor(prferably gift of movable property such as money or shares)
regards
P.c. Joshi
P.C. Joshi (service) 19 August 2009
Can any member provide me a draft of gift deed for gift to minor(prferably gift of movable property such as money or shares)
regards
P.c. Joshi
A V Vishal (Advocate) 19 August 2009
AEJAZ AHMED (Legal Consultant/Lawyer) 19 August 2009
DEAR MR. JOSHI,
Formate posted by Mr. Vishal is also good, and for detail formate of GIFT DEED, kindly go through the attached Document File.
P.C. Joshi (service) 21 August 2009
Dear memebers,
For gift to a minor, the minor should be acting through a natural guarduan and the acceptance shoul;d be thr such guardian. Suppose a father has gifted money to a minor girl, can the father himself act as donor as well as guardian for such minor OR the guardian in the gift dded has to be a different person say mother of the monor.Pls clarify this point.
Secondly, whether the gift deed of money is required to be registered.
Regards
P.C. Joshi
A V Vishal (Advocate) 21 August 2009
Yes the father can act both as donor and guardian. A gift deed for money or other movable assets need not be registered only gift deed for immovable assets needs to be registered.
suraj suchdev (team leader) 05 December 2013
Dr madhav 24 August 2017
Dr madhav 24 August 2017
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