Gift Deed in respect of
Gift of Money
THIS DEED OF GIFT made and executed at __________ this ________ day
of _________ Two Thousand and ___________ by A B C, of ___________,
Indian Inhabitant, residing at _____________________________ _________
____________________________, hereinafter called “THE DONOR” (which
expression shall unless it be repugnant to the context or meaning thereof, be
deemed to mean and include his heirs, executors and administrators) of the
ONE PART; AND P Q R, also of , Indian Inhabitant, residing at
, hereinafter called
“THE DONEE” (which expression shall unless it be repugnant to the context
or meaning thereof, be deemed to mean and include his heirs, executors,
administrators and Assigns) of the OTHER PART.
WHEREAS
(a) The DONEE is the brother of the DONOR.
(b) The DONOR is absolutely seized and possessed of a large sum of money
and which is his self acquired and/or owned property.
(c) In consideration of natural love and affection which the DONOR bears
towards the DONEE, the DONOR out of his own free will and accord
was desirous of making a gift of Rs. _______________/- (Rupees
__________________ only) and which is duly gifted by DONOR to the
DONEE in manner appearing hereinafter;
(d) The DONEE has accepted the said gift by executing these presents in
testimony hereof; and
(e) The fact of the said gift is recorded herein.
NOW THIS INDENTURE WITNESSETH THAT for effectuating the aforesaid
desire and in consideration of natural love and affection which the DONOR bears
towards his brother the DONEE, the DONOR doth hereby grants, transfers,
conveys and assigns by way of a gift a sum of Rs. /-
(Rupees ____________________ only) as more particularly described in the
Schedule hereunder written unto the DONEE TO HOLD the same unto and
to the exclusive ownership and use of the DONEE forever and absolutely AND
the DONOR doth hereby represents, warrants and covenants with the DONEE
THAT he the DONOR has good right, full power and absolute authority to pay
and gift the said amount unto and to the use of the DONEE in the manner
aforesaid AND IT IS DECLARED AND CONFIRMED THAT the DONEE has become
the absolute owner of the said amount of Rs. /- (Rupees
only) and the DONOR has ceased to have
any beneficial right, title or interest in the same.
IN WITNESS WHEREOF the DONOR having gifted and the DONEE having accepted
the said gift, have put their respective hands the day and year hereinabove
written.
SCHEDULE ABOVE REFERRED TO:
(amounts paid by the Donor to the Donee by way of GIFT)
SR. DATE CHEQUE NO. DRAWN ON AMOUNT (RS.)
NO.
1.
2.
3.
4.
----------------
Total
----------------
IN WITNESS WHEREOF the DONOR having gifted and the DONEE having accepted
the said gift, have put their respective hands the day and year hereinabove
written.
SIGNED AND DELIVERED by )
the withinnamed A B C, )
the DONOR abovenamed, )
in the presence of ……… )
1.
2.
SIGNED AND DELIVERED by )
the withinnamed X Y Z )
the DONEE abovenamed, )
in the presence of ……….. )
1.
2.
