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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