Kartik dhar
11 November 2010 at 01:07
Hello Xperts,
I have been gifted/donated shares worth 45 lacs of Hindustan Unilever Ltd from an Indian resident (80yrs of age) (former employee of HUL). Now, these shares have successfully been transferred from 1st owner to me. Institutions involved are ICICI Bank and Religare Securities Ltd.
After almost a month when the letter stating the transfer of HUL shares reached the donors home, his son was surprised to know the fact that his father had so much shares worth 45 lacs.
Now, the donors son wants them back and states that his fathers shares have been acquired by me using unethical means (cheating, 420). I do not wish to return those shares to the donor.
I do not have any gift or donation deed made. The donors lawyer now is stressing on this point that there is no such donation deed. Says that under donation laws, any donation made above 75 thousand is not possible.
Can somebody throw some light on this?
Much appreciated.
Further Information:
I do not have any gift or donation deed made. The donors lawyer now is stressing on this point that there is no such donation deed. Says that under donation laws, any donation made above 75 thousand is not possible.
Now, the donor's son is claiming that the shares have been acquired by unethical means and has filed a complaint in the court of law. In order to prove the legality of the shares transfer (donation/gift), I only have the following documents:
1. Share Transfer slip indicating the reason of transfer (which is : Donation/Gift)
2. ICICI Bank Manager's official statement stating that "the Donor has willingly Donated the shares to the second donor" after personal meeting with the Donor.
I do not have Donation Deed or Gift Deed made. What repurcussions are possible in this matter?
Kindly advise.
Anonymous
10 November 2010 at 18:38
are there any records of entries of people who migrated to pakistan from india during partition,if yes where can we find them.
manjunatha k s
10 November 2010 at 16:37
Dear sir,
I have my date of birth indicated as 12th April 56 but actual date of birth is 10th Aug 1956 in Davanagere. Now I am working as chief manager in central PSU in Bangalore.
Can I get my date of birth changed to 10th Aug 1956- but I do not have any documents to prove this.What is the procedure to be follwed ?
Thanks
from
manju
Anonymous
10 November 2010 at 11:51
what are the laws for incorporation of contractual terms in one contract by referring to another contract and what are the limitations in it..if any? plsss help.
shyam
08 November 2010 at 16:31
Respected Experts,
Urgently require draft/format of indemnity bond for loss of demand draft.please help.
Anonymous
08 November 2010 at 14:36
Respected Sir,
Does Law permits to construct right side exterior wall of the home without window from border of the flat(site) without leaving 1.5feet free space from right or left side border of the site ?
Thanking you.
suresh j pulikondappa
08 November 2010 at 09:53
hello sir/madam,
i have educational certificates with 3 different names with only alphabetical mistakes
so please tell me what i have to do to cover them legally
please reply soon
Piyush
07 November 2010 at 23:34
My father died on 7th August 1973 and neceesary death certificate was issued by the local municaplity. In a civil case regarding property issue for evidence has come up and apart from my evidence. can yje court call department concern of the person issuing death certificate about 30 yrs back or is it regarded as a Public document and if the other party disbileve the authenticity the onus lies on him to prove that is is bad in law.
ess
06 November 2010 at 11:22
Are verification and Affidavit required on every type of written reply given to the opponnents application at the intermediate stage.
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citizenship & other records
what is the procodure of obtaning indian citizenship by a pakistani national who has married a indian citizen, what is the the time required,what are the comditions that are to be fulfilled, and where do we have to look for the records of such persons,how to know if they have got it through proper way or throug some other way.where do we have to check for the same.