PARTITION DEED[CD1] 

 

 

 

THIS DEED OF PARTITION made at (city) this ___ day of __________, 20000,

BETWEEN Shri ______________, son of ____________, resident of

__________________________________ hereinafter called Party of the First Part, Shri ____________, son of _______________, resident of ____________________ , hereinafter called Party of the Second Part, (3) Shri _____________, son of __________________, resident of ______________________________, 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 abovenamed 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 have issued a cheque for donation of Rs._____/- in favour of "__________________" immediately before the execution of these presents. 

 

 

 

4.                                    The parties hereto agree to give further donation to _________________ as and when any refund is received from the income-tax department.

 

 

 

5.                                    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 

 

withinnamed 

 

1)          __________________________

 

___________________ 

 

2)          __________________________ 

 

___________________ 

 

3)          __________________________ 

 

___________________ 

 

in the presence of ............ 

 

WITNESSES:

 

1.

 

 

 

2.

 

 

 

 

 

 [CD1]PARTITION DEED