Share transfer by gift deed
CS Rohit Kumar
CS Rohit Kumar
8527046791
CS Sonali Varshney
GIFT DEED
THIS DEED OF GIFT is made at __________ on this-_____ day of_________ , 2013 BETWEEN:
ABC, an Indian Inhabitant residing at ________________________________, hereinafter called "THE DONOR" of the ONE PART
AND
XYZ, an Indian Inhabitant residing at_____________________________________, hereinafter called "THE DONEE" of the OTHER PART.
WHEREAS the Donor is brother of the Donee.
AND WHEREAS the Donor has acquired the Shares (hereinafter referred to as "the said Shares") of the company known as “X Ltd” (hereinafter referred to as the"said company") situated at …………………………………………………………………………………… Cont… 2
...... 2 ……
WHEREAS the Donor is a registered member of the said company holding 00001 fully paid up equity shares of the face value of Rs 10/- (Rupees Ten only) each bearing distinctive numbers and share certificate numbers issued by the said company (hereinafter referred to as the "the said share certificate") as per below details:
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WHEREAS the Donor has full right title and interest in the said shares of the said company.
AND WHEREAS the Donor desires to gift his right, title and interest in the said shares of the said company described as above.
NOW THIS DEED OF GIFT WITNESSETH AS FOLLOWS:-
1. The Donor out of natural love and affection for the Donee, hereby transfers by way of gift his right, title and interest in the said shares described as above.
- The Donor desires to make some provision for his said brother the Donee during his lifetime and therefore proposes to make a gift of the said shares and debentures to the Donee.
- The Donee has accordingly delivered the share certificates and debentures to the Donee and has also delivered to her transfer forms duly signed by the Donee as transferor and by the Donee as transferee to enable the Donee to get name transferred in the records of the Companies concerned.
- The Donor desires to record the gift by this deed.
5. The Donee accepts the gift and agrees to hold the right title and interest of the Donor in the said shares described as above.
IN WITNESS WHEREOF the parties hereto (Donor and Donee) have hereunder set and subscribed their respective hands on the day and the year first hereinabove written.
For and on behalf of Donor For and on behalf of Donee
(ABC) (XYZ)
Witness:- Witness:-
1)___________________ 1).____________________
2).____________________ 2).____________________
Date:
Place:
CS Rohit Kumar
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CS Sonali Varshney
On Wednesday, March 16, 2016 at 11:42:14 PM UTC+5:30, CS Rohit Kumar wrote:
Snehal Pahade
Snehal Pahade
7588196108
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CS Sonali Varshney
On Wednesday, March 16, 2016 at 11:42:14 PM UTC+5:30, CS Rohit Kumar wrote:
anushaka basu
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Chandravijay Shah & Co.
In Maharashtra, Stamp Duty on Transfer of any Movable Asset, including Transfer of Shares, is 3 % of FMV.
From: csmy...@googlegroups.com [mailto:csmy...@googlegroups.com] On Behalf Of Snehal Pahade
Sent: 17 March, 2016 1:27 PM
To: csmysore
Subject: Re: [CSMysore] Re: Share transfer by gift deed
and in Maharashtra?
and in case of (gift) is on SH 4 required to pay stamp duty?
Regards,
Snehal Pahade
7588196108
On Thu, Mar 17, 2016 at 12:31 PM, CS Sonali Varshney <cssonali...@gmail.com> wrote:
Yes, in Uttar Pradesh, i used Rs. 100 Stamp Paper.
On Wednesday, March 16, 2016 at 11:42:14 PM UTC+5:30, CS Rohit Kumar wrote:
Hi,
please share the draft of gift deed and other formalities to be done in this respect.
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CS Rohit KumarMobile No. 9555156805
8527046791
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CS Sonali Varshney
Deed execution: execute the gift deed on a non-judicial stamp paper of appropriate amount for legal record and to avoid any tax queries in the future.
Share certificates: If the shares are in certificate form, a share transfer deed in Form SH-4, filled and signed by the donor, needs to be executed and registered. The stamp duty is payable at the rate of 25 paise for every Rs 100 of the face value, or the market value of shares prevailing on the date of the document, whichever is higher.
Other views are solicited.
On Wednesday, March 16, 2016 at 11:42:14 PM UTC+5:30, CS Rohit Kumar wrote:
Snehal Pahade
Snehal Pahade
7588196108
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neha agrawal
vijaya kiranmayi
Regards,Neha Agrawal
Regards,
Snehal Pahade
7588196108
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Ramaswami Mohan
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