Execution of gift settlement deed

Balakumar.S (Querist) 09 August 2012 This query is : Resolved
Dear Experts,
Plz. give your valid opinion as to my following queries.

1. Whether Gift Settlement Deed can be executed over undivided properties of HUF.
2. Whether Settlement deed can be executed over the properties jointly purchased by two different persons?
3. Whether settlement deed executed in respect of a fraction of share over HUF property is valid or not?

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Devajyoti Barman (Expert) 09 August 2012
1. Gift and settlement deed are both different though both could be done in respect of undivided property as well.

2. Yes but in respect of undivided interest only.
3. Yes

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