Exclusive HOLI Discounts!
Get Courses and Combos at Upto 50% OFF!
Upgrad
LCI Learning

Share on Facebook

Share on Twitter

Share on LinkedIn

Share on Email

Share More

kalpesh veer (not)     29 October 2021

Conditional gift deed

Is it allowed to create a conditional gift deed for transfer of shares?
Incase company not reached ___% profit in next 5 years the shares will be retransfer to its donor.


Learning

 2 Replies

Rama chary Rachakonda (Secunderabad/Highcourt practice watsapp no.9989324294 )     29 October 2021

Gift Deed can be conditional but the Gift Deed will be valid if transfer of the title is passed on immediately by the donor and accepted by the donee. Otherwise it will be treated as Will. In a conditional gift deed it can be mentioned that the donor will live in the premises gifted to the donee, till he dies.

Pradipta Nath (Advocate)     29 October 2021

The conditional gift is valid, you need to check whether the condition imposed is void or not!


Leave a reply

Your are not logged in . Please login to post replies

Click here to Login / Register