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Partition Deed

Updated: Sep 18

Partition Deed

This Deed of Partition made at (city) this ___ day of __________, year __________, between Shri ______________, son of ____________, resident of __________________________________ hereinafter called Party of the First Part, Shri ____________, son of _______________, resident of ____________________ , hereinafter called Party of the Second Part, (3) Shri _____________, son of __________________, resident of ______________________________, 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. _______/-

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 have issued a cheque for donation of Rs._____/- in favour of "__________________" immediately before the execution of these presents.

4. The parties hereto agree to give further donation to _________________ as and when any refund is received from the income-tax department.

5. 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

withinnamed

1) __________________________

___________________

2) __________________________

___________________

3) __________________________

___________________

in the presence of ............