Partition Deed
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Partition Deed
THIS DEED OF PARTITION made at (city) this ___
day of __________, 200-,BETWEEN Mr. _____________,s/o____________, R/o
____________________________ Hereinafter called First Party of the First Part,
Shri ____________,s/o_______________, R/o ____________________, hereinafter
called Party of the Second Part, (3) Mr.
__________s/o________________,r/o_______________________, hereinafter called
Party of the Third Part
WHEREAS Shri ___________ is the Karta and
Manager of the joint and undivided Hindu family, carrying on the activities
under the name and style of "________________________" (hereinafter
referred to as "the said ___", consisting of the said ___________,
his wife, the said __________, and the said ____).
AND WHEREAS the said _______ owned and possessed
immediately before the partition one telephones Nos. ________and _______, __
shares in ________ Ltd. Bank balance of Rs._______ with ________, __________,
_____________ Bank The HUF had also incurred certain liabilities.
AND WHEREAS the parties hereto have agreed on
the ___ day of _____ to have a total partition all the assets held by the said
HUF on such partition:-
___ Shares of _____________ Ltd. Rs. _______/-
___ Shares of _____________ Ltd. Rs. _______/-
Total Rs.________/-
The above-named shares will be transferred to
________ on receipt of Rs.________/-
AND WHEREAS the net capital of the said HUF
immediately before the full partition is Rs.________ consisting of Rs._______
as bank balance and Rs.____/-
AND WHEREAS the parties hereto are desirous of
affecting the full partition of the said HUF by donating the entire amount to a
charitable trust.
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 agree to give further
donation to _________________ as and when any refund is received from the
income-tax department.
4. 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 SEALED AND DELIVERED by the within named
1. _____________________________________________
2. _____________________________________________
3. _____________________________________________
in the presence of............
WITNESSES:
1.
2.
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