Gift deed format for transfer of shares

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MOHD.SAMEER

MOHD.SAMEER (Querist)
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19 February 2016 Sir,
Kindly help me with the format of transfer of shares by gift.

CS Richa Sharma

CS Richa Sharma (Expert)
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25 February 2016 Pl find below draft format..make necessary changes as per your requirement.

GIFT DEED
THIS DEED OF GIFT is made at __________ on this-_____ day of_________ , 2013 BETWEEN:

ABC, an Indian Inhabitant residing at ________________________________, hereinafter called "THE DONOR" of the ONE PART

AND

XYZ, an Indian Inhabitant residing at_____________________________________, hereinafter called "THE DONEE" of the OTHER PART.

WHEREAS the Donor is brother of the Donee.

AND WHEREAS the Donor has acquired the Shares (hereinafter referred to as "the said Shares") of the company known as “X Ltd” (hereinafter referred to as the "said company") situated at …………………………………………………………………………………… Cont… 2

...... 2 ……

WHEREAS the Donor is a registered member of the said company holding 00001 fully paid up equity shares of the face value of Rs 10/- (Rupees Ten only) each bearing distinctive numbers and share certificate numbers issued by the said company (hereinafter referred to as the "the said share certificate") as per below details:

Distinctive Numbers (Both Inclusive)

From

TOTAL

To

No. of Shares

Certificate Nos.

-

WHEREAS the Donor has full right title and interest in the said shares of the said company.

AND WHEREAS the Donor desires to gift his right, title and interest in the said shares of the said company described as above.

NOW THIS DEED OF GIFT WITNESSETH AS FOLLOWS:-
1. The Donor out of natural love and affection for the Donee, hereby transfers by way of gift his right, title and interest in the said shares described as above.

The Donor desires to make some provision for his said brother the Donee during his lifetime and therefore proposes to make a gift of the said shares and debentures to the Donee.

The Donee has accordingly delivered the share certificates and debentures to the Donee and has also delivered to her transfer forms duly signed by the Donee as transferor and by the Donee as transferee to enable the Donee to get name transferred in the records of the Companies concerned.

The Donor desires to record the gift by this deed.

5. The Donee accepts the gift and agrees to hold the right title and interest of the Donor in the said shares described as above.

IN WITNESS WHEREOF the parties hereto (Donor and Donee) have hereunder set and subscribed their respective hands on the day and the year first hereinabove written.

For and on behalf of Donor For and on behalf of Donee

(ABC) (XYZ)

Witness:- Witness:-

1)___________________ 1).____________________

2).____________________ 2).____________________

Date:

Place:

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