Thursday, July 8, 2010

FORMAT OF HUF CREATION DEEDS

FORMAT-I
DECLARATION
I, ____________________________ son Of ___________________________________
Residing at ____________________________________________ aged ___Adult do
hereby declare-
That I am Karta of ____________________________________________
That I received on behalf of the H U F gift of Rs. ___________ by way of CASH/
CHEAUE from my FATHER ________________________________(name of relative
of karta of HUF) on dt. _______________ this formed the corpus of the HUF.
That the HUF at present is consisting of the followings members-
I) Shri _____________________, Adult, Residing at _________________
II) Smt. _____________________, Adult, Residing at _________________
III) Kumari _________________-Minor, Residing at ___________________
That the above statements are true to the best of my knowledge & belief. Declare
this on _________________
WITNESS: Signature
1. _______________________________________
2. _________________________________(_____________________)






FORMAT- II
[To be executed on Rs. 100 Stamp Paper in Maharashtra]
DECLARATION OF GIFT MADE BY ________________________
TO THE HINDU UNDIVIDED FAMILY OF ___________________
I, _____________________________, residing at _______________________
____________________________________________________________, do hereby
declare and affirm as under:
1. That out of natural love and affection borne by me towards the Hindu Undivided
Family of ______________________________, I have made a gift of Rs.______
(Rupees _________________ only) as per the following details:
By Cheque No.________, dated __________, drawn on Bank ____________________,
________________ Branch, in favour of ________________________ HUF.
2. The above Gift has been duly accepted by ________________________, as Karta of
his Hindu Undivided Family and has been duly acknowledged hereunder.
3. This Declaration of Gift is made to record the fact that I have made this Gift in favour
of the Donee as above, who now has the absolute right, title and interest in the gifted
amount.
Date: ___________, 200__ ___________________
(Signature of the Donor)




ACKNOWLEDGEMENT OF GIFT
I, ________________________, hereby acknowledge having received the above gift
made to my Hindu Undivided Family by _________________________.
Date: ___________, 200__ ___________________
(Signature of the Donee as Karta of his HUF)




SUBSEQUENT DEEDS

HUF GIFT DEED
This deed of gift is made and executed at Jaipur on this 30th day of November, 2007 by
and between:
1. -------------------- W/o/S/O ------------------------- aged about ------- years resident
of .....................( hereinafter reffered to as the DONOR and the party on the FIRST
PART )
and :
2. -------------------------- HUF, ADDRESS............. comprising the family
members ....................(Karta), his wife ------------------------, his
son .....................AND...................RESIDENT..............(Hereinafter reffered to as the
DONEE and the party on the SECOND PART)

WHEREAS the Donor is the wife of brother in law of karta of the Donee and is highly
affectionate to him;
AND WHEREAS the Donor out of natural love and affection towards the Donee
have made a gift of Rs.........................../-- (in words...............) by way of account
payees Cheque no ................dated ............. drawn on .........................Bank
Ltd, ........................... ;
AND WHEREAS the Donee has accepted the said Cheque;
AND WHEREAS the Donor and Donee desires to deduce the covenants of this gift into
writing ;
THIS DEED NOW WITNESSETH AS UNDER
1. That the gift so made is without any material consideration and is absolute.
2. That the donee has accepted the same by his free will.
3. That the gift is irrevocable in any circumstances.
IN WITNESS WHEREOF the donor and the within mentioned donee put their respective
hands in taken of their having accepted the terms and conditions on the day, month and
year first mentioned.
Witnesses Signature
1.
DONOR
Accepted
2.
DONEE





COMPLETE PARTITION OF A HINDU JOINT FAMILY
This deed of partition is made on the ___________ day of ___________ the month
of ___________ of the year 200__. Between ___________ s/o ___________ resident
of ___________ (hereinafter called the first party) of the first part ___________
___________s/o resident of ___________ (hereinafter called the second party) of the
second part ___________ s/o ___________ resident of ___________ (hereinafter called
the third party) of the third part: and ___________ widow of ___________ resident of
(hereinafter called for fourth party) of the fourth part.

Where as the further of the second and third parties and husband of the fourth party,
namely late Shri ___________ and the first party were brothers, being the sons of late
Shri ___________.
And whereas they all constituted a Hindu joint family governed by the ___________ of
Hindu law.

And whereas the said Shri ___________ died of the year ___________ leaving him
surviving the parties and entitled to claim partition of the joint family estate.
And whereas the family has continued to remain joint and to hold and enjoy all the
properties jointly.

And whereas the parties hereto are all the members of the joint family entitled to claim
partition and also competent to contract, the other coparceners being the minor sons of
the second and third parties.

And whereas the parties hereto have mutually agreed to divided the entire joint family
properties into two equal parts and to allot one part to the first party and the other to the
second, third and fourth parties.

And whereas the second, third and fourth parties have also mutually agreed among
themselves to further divided and one-half part of the joint property allotted to them into
three equal parts and to allot a part each of the said three parts to each one of them.

NOW THIS DEED WTINESSES as follows:

(1) That the parties hereto do hereby mutually agreed and declare that they have actually
divided the hitherto joint property of the Hindu joint family of the descredants of Late
Shri ___________(here give the name of the father of the first party) among themselves
into the four Parts specified herein below, as Part I, Part II, Part III and Part IV, and
that henceforth the first party shall be the separate owner of the properties specified
and included in Part I and second party shall be the separate owner of the properties
specified and included in Part II and the third party shall be the separate owner of the
properties specified and included in Part IV and each of them shall hence forth hold and
enjoy the properties specified and included in his Part in severalty and to the exclusion
of the parties other than himself; and the parties hereto do hereby mutually release
and relinquish to the other all their respective right, title and interest in the properties
specified in the Part other than the Part allotted to himself.

(2) That the parties hereto do hereby mutually covenant with each other that:
(I) The property specified and included in the Parts allotted to each party shall be entered
upon and henceforth held and possessed in severalty by each one of them, respectively,
without any interruption or disturbance by any party other than himself.
(ii) The parties will, at the cost of one requiring the same, do every such act or thing as
may reasonably be required for further or more perfectly assuring the property hereby
allowed to each one of them.
(iii) That the parties hereto hereby declare that despite some disparity in the value given
which hare against each of the Part II, III and IV given for purposes of payment of stamp
on the said Parts, II, III and IV and the value given against Part I which is also given for
the purpose of payment stamp duty and registration charges, the partition hereby made is
fair and equitable and that while of the one hand the agreed real value of each of Parts II,
III and IV is equal on the other hand, the total of the agreed real value of Parts II, III and
IV is equal to the agreed real value of Part I.
(iv) That the expression first party, second party, third party and fourth party, shall,
unless there by anything contrary thereto in the context, mean and include, their

respective heirs, survivors, successors, representatives and assigns.
Part I
Part II
Part III

In witness whereas the parties hereto have executed this deed on the date first
hereinabove mentioned.
Witnesses:
1.
(First Party)
2.
(Second Party)
(Third Party)

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