DECLARATION OF GIFT

This declaration  of Gift is made on this ___ day of  _______, ___ between ______________, W/o ________________,  R/o. ___________________, (herein after called the donor) of the one part, and ________________ , R/o. ______________________________, (herein after called the donee) of the other part:

Where as the donor out of her natural love and affection for the donee has made a gift of _________ (in words) Equity Shares of _name of company____ to the donee, who is ___relationship with donor___ of the donor.

Now this declaration of gift witnesseth as follows: –

In consideration of the natural love and affection, which the donor bears for the donee, the donor, out of her own free will and pleasure and in full possession of her senses, hereby made the above gift by way of transferring her ______ Equity Shares of ___ company ___ bearing following distinctive numbers:-

No. of Shares  Distinctive No

The value of above shares is Rs. __________ ( Rupees _____________ ), based on net worth of the company as on today’s date.

In witness where of the parties as above have here in to set and subscribed their names on the date first above written.

Witness          

(1)                                                Donor  

(2)                                               Donee

——

Affidavit

I, ____________, W/o ______________-, R/o. _____________________, do hereby solemnly affirm and declare that: –

1) I gifted ________ (___________) Equity Shares of ___company___ to __________, R/o. __________________.

2) I have made the above gift out of my natural love and affection towards the above person.

3) _donee’s name_____ is my ____relationship____.

4)   I am an Income Tax Assessee and my PAN is ________________.

Dated:

Deponent

Verification

Verified at Delhi that all the contents of this affidavit are true and correct to the best of my knowledge and belief.

Dated:

Deponent

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3 Comments

  1. HK says:

    pl. advise – whether this requires both Gift Deed and affidavit -? do we need other witnesses – other than Donor , Donnee , for Affidavit do we need to take help of any Advocate / Notre Signature Documentation etc. And how to give details for Shares in DMAT account transfers

  2. ashok says:

    in these days shares are in Demat Account and No distinctive number is there. Moreover there are number of share in one’s portfolio. Whether this gift deed is to be made for each share.Reply solicited on my mail.

  3. ashwani says:

    in these days shares are in Demat Account and No distinctive number is there. Moreover there are number of share in one’s portfolio. Whether this gift deed is to be made for each share.Reply solicited on my mail.

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