PARTITION DEED

THIS DEED OF PARTITION made at (city) this ___ day of __________, 20000, 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. _______/- 

___ Shares of _____________ Ltd. Rs. _______/- 

Total Rs.________/- 

the abovenamed 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 ............ 

WITNESSES:

1.

2.