RELEASE
OF A GUARDIAN BY A MINOR ON ATTAINING MAJORITY [CD1]
THIS
RELEASE is made on the ………..day of ………..20
…..between A, son of ………..of
………..of
the ONE PART and B, son ………..of ………..of
………..of the OTHER PART.
WHEREAS
(1)By
an order of the District Judge of
………..dated............in the matter of the Guardians and Wards Act,
1890, and in the matter of the said A
then a minor, the said B was
appointed Guardian of the person and
properties of the said A during his minority.
(2) The
said B administered the properties of
the said A during his minority, diligently and kept accounts of the income
and expenditure and invested surplus
income in company shares, government securities and fixed deposits in banks.
(3) The
said A attained the age of 21 years on the
………..day of.................20 and called upon the said B to furnish him with the account of all
his dealings and transactions with his properties and effects described in the
Schedule I hereto.
(4) The
said B has rendered the said accounts
to the said A and the said A has examined the accounts kept by the said B and is satisfied about the correctness
and the said B has delivered to the
said A all the title deeds to and movable property/immovable properties
described in the Schedule II hereto and Rs . ……….. (Rupees ………..only) in cash
due to him (the receipt whereof the said A doth hereby acknowledge) and has
transferred into his name all the shares, securities and bank accounts and has
put the said A in possession of all the immovable properties and has delivered
to him all the accounts, vouchers, receipts, registers and documents relating
to the management of the properties of the said A during the said A ‘s
minority.
(5) The
said A has agreed to execute the release as is hereinafter mentioned.
NOW THIS DEED WITNESSES THAT
in pursuance of the said agreement and in consideration of the premises, the
said A hereby releases and discharges forever the said B, his heirs, executors, administrators, assigns, estates and
effects from all actions, suits, proceedings, claims, demands or accounts
whatsoever for or on account of the movable and immovable properties and cash of
the said A or the management thereof or for conversion, sale, application and
investment thereof or for any act or thing done or omitted or neglected by the
said B in respect of the said
premises or any part thereof or for or in respect of any other thing in anyway
relating to the said premises.
The Schedule I above referred to
Details
of the properties and effects
The Schedule II above referred to
Description
of the title deeds of the properties and movable property delivered
IN WITNESS WHEREOF
the above-named A has hereunto set his hand the day and year first above
written.
WITNESSES
1 Signed
and delivered by the within named A
2.
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