DEED OF GIFT
THIS DEED OF GIFT is made on this {{blank_field}} day of {{blank_field_2}} 201{{blank_field_3}}, between {{name}} & {{name_2}}, Pan No. aged {{blank_field_4}} years, an adult, Indian Inhabitant,residing at {{address}}RT and {{name_3}}, Pan No. aged {{blank_field_5}} years, an adult, Indian Inhabitant,residing at {{address_2}}.
WHEREAS :
The VENDORS herein owns and possessed of or otherwise well and sufficiently entitled to one Flatbeing D-107 CRYSTAL PLAZA OPP INFINITY MALL NEW LINK ROAD ANDHERI W admeasuring about 367Sq. ft. Built-up area in the Society known as {{name_entity}}, a society registered under serial No. with the office of the Registrar of Co-operative Societies, Mumbai under Maharashtra Co-operative Societies, 1948 (hereinafter referred to as the Said Society) situated at , a building constructed on plot of land bearing Cadastral Survey No. {{blank_field_6}}of {{blank_field_7}} Division (hereinafter referred to as the Said Flat) and more particularly described in the Schedule of Property referred herein.
AND WHEREAS the VENDORS herein are the members and shareholder of the Said Society and holding shares share of Rs. /- bearing distinctive Nos. from to Share certificate No. issued by the Said Society (hereinafter referred to as the Said Shares
AND WHEREAS the Said Flatand Said Share Certificate stand in the names of the VENDORS herein.
AND WHEREAS the VENDORS herein is absolutely seized, occupied and in possession of the Said Flat.
Further, the Said Gift is not a sum of money as defined in Section 56 (2) (vi) of Income Tax Act 1961 and hence not covered under Section 56 (2) (vii) of Income Tax Act 1961.
AND WHEREAS, the VENDORSherein consideration of the natural love and which the VENDORShave, desires to gift said Flat and said shares to in the ratio of{{blank_field_8}}, the PURCHASER.and the PURCHASER hereby agreed to the accept the gift of the said Flat and shares and share certificate from the VENDORS.
NOW THIS DEED WITNESSETH AS FOLLOWS that in consideration of the natural love and affections which the VENDORS had and still have for the PURCHASER, the latter being in the ratio of{{blank_field_9}}, the VENDORS does hereby and hereunder renounce all rights, title and interest including ownership rights in said Flatpremises with the intent to vest the same in and grant convey, transfer, give and assure upto and to the use of the PURCHASER, freely and voluntarily, the said Flat mentioned and described in the schedule hereunder and delivered the possession of the said Flat, shares and share certificate unto and in the favor of the PURCHASER TO HAVE AND TO HOLD and the said Flat, share and Share Certificate for sole use and benefits absolutely as the OWNERSthereof.
NOW THIS WITNESSETH AS FOLLOWS: -
The VENDORS hereby further covenant with the PURCHASER shall on being put in the full possession henceforth, quietly and peacefully posses, occupy and enjoy the said Flat without any let, hindrances, denial, demand, interruption or eviction by the VENDORS or any person/s lawfully or equitably claiming through, under in the trust for the VENDORS.
The PURCHASER do hereby covenant with the VENDORS that save and except as aforesaid the PURCHASER shall from the date of or being put in the possession of the said Flat pay share of taxes and all outgoings as per the Rulesand Regulations, Bye-Laws, terms and conditions of the said society from time to time and shall also become the membersof the said society and shall carry the terms and conditions of the said agreement and also abide by the laws and rules and regulations of the said society.
That the PURCHASERdo hereby covenants with the VENDORS that shall abide by the Rules and the Bye-laws of the said society on admission as the membersthereof that agrees and undertakes to pay and discharge off all calls, demands, contributions and dues which the said society may hereinafter make in respect of the said Flat and also pay all amount that may be demanded by the society.
The VENDORS shall deliver original / copy / Certified title document as mentioned in Schedule of Property, application electricity bill, maintenance bills and receipt thereof and all other relevant papers and receipt of payments made by the VENDORSto the builder and the said society, electricity boards and/or other local authority/authorities to the PURCHASERon the execution of this presents.
The PURCHASERagrees to bear all expenses towards Stamp Duty, Registration Charges of this Deed of Gift.
AND THAT the PURCHASER accepts the gift of the said Flat, Share Certificate from the VENDORS.
IN WITNESSES WHEREOF the VENDORShaveexecuted this Deed of Gift of the said Flat, which the PURCHASER hereby accepts by subscribing their signatures hereto.
THE SCHEDULE ABOVE REFERRED TO :
D-107 CRYSTAL PLAZA OPP INFINITY MALL NEW LINK ROAD ANDHERI W,admeasuring367 sq. ft. built-up and having shares of Rs./- each, bearing distinctive Nos. from to (both inclusive), entered in the Share Certificate No. ).
Signed and Delivered by the within named VENDORS
Signature {{name}} & {{name_2}} Pan No. |
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Witnesses:-
{{blank_field_10}} {{blank_field_11}}
Name Signature
Signed and Delivered by the within named PURCHASER
signature {{name_3}} Pan No. |
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Witnesses:-
{{blank_field_12}} {{blank_field_13}}
Name Signature
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Dated : {{blank_field_14}} ,
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{{name}} & {{name_2}}
Pan No.
VENDORS
{{name_3}}
Pan No.
PURCHASER
D E EDO FGIFT
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