Gift deed hindu law

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GIFT DEED HINDU LAW

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Transcript of Gift deed hindu law

Page 1: Gift deed hindu law

GIFT DEED

HINDU LAW

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CONDITIONS

MUST BE VOLENTARYPOSSESSION MUST BE ACCEPTED BY THE DONEE DURING THE LIFETIME OF THE DONORIF DONEE DIES BEFORE ACCEPTANCE GIFT BECOMES VOID

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CONDITIONS

NO CONSIDERATIONMOVABLE AND/OR IMMOVABLEEXISTING PROPERTYATTESTED BY AT LEAST TWO WITNESSESS

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CONDITIONS

GIFT CAN BE MADE IN FAVOUR OF MINORIT CAN BE ACCEPTED BY THE FATHER/GUARDIANSECTION 11 OF THE INDIAN CONTRACTS ACT 1872 WILL NOT BE ATTRACTED

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PROVISIONS OF LAW

TRANSFER OF PROPERTY ACT 1882Sections 122 -129

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STAMP DUTY AND REGISTATION

IMMOVABLE PROPERTY

BOTH COMPULSORY

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MOVABLE PROPERTY

DELIVERY OF THE PROPERTY IS SUFFICIENT

NO REGISTRATION REQUIRED

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Thank You