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THIS DEED OF PARTITION made at _______________ (city), this ___ day of __________, Two Thousand Two between
(1) _______________, hereinafter called Party of the First Part,
(2) _______________, hereinafter called Party of the Second Part,
(3) _______________, hereinafter called Party of the Third Part. |
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| WHEREAS |
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___________ 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 ______. |
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And whereas the said _______ owned and possessed immediately before the partition one telephones Nos. ________ and _______, __ shares in ________ Ltd. Bank balance of Rs _______ with _____________ Bank, _____________ Branch. The HUF had also incurred certain liabilities. |
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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 ________/- |
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That the net capital of the said HUF immediately before the full partition is Rs ________ consisting of Rs _______ as bank balance and Rs ____/- |
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That the parties hereto are desirous of affecting the full partition of the said HUF by donating the entire amount to a charitable trust. |
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| NOW THIS INDENTURE WITNESSETH AND IT IS HEREBY AGREED AND DECLARED BY and between the parties hereto as under: |
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The parties hereto hereby declare that the said HUF has been fully partitioned on the ___ day of ______________. |
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The parties hereto agree to donate the entire capital of Rs ______ held by the said ___ to _______________ (a public charitable trust). |
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The parties hereto have issued a cheque for donation of Rs _____/- in favour of __________________ immediately before the execution of these presents. |
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The parties hereto agree to give further donation to _________________ as and when any refund is received from the income-tax department. |
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The said ____ has been allotted telephone number _______. |
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| IN WITNESS WHEREOF the parties hereto have set and subscribed their respective hands on the day and year first hereinabove written. |
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SIGNED, SEALED AND DELIVERED by the within named
1.___________________
2.___________________
3.___________________
in the presence of:
1.
2.
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