Format of Creation of HUF Deed

Format of HUF creation deeds:-

FORMAT-I

 

DECLARATION

I, ________________ son of __________________ Residing at ______________________ aged ___ Adult do hereby declare

1. That I am Karta of _______________________________________

2. That I received on behalf of the H U F gift of Rs. ___________ by way of CASH / CHEAUE from my FATHER _________________________ (name of relative of karta of HUF) on dt. _______________ this formed the corpus of the HUF.

3. That the HUF at present is consisting of the followings members:

a) Shri ________, Adult, Residing at __________

b) Smt. ________, Adult, Residing at __________

c) Kumari _______, Minor, Residing at _________

4. That the above statements are true to the best of my knowledge & belief. Declare this on _________________

WITNESS: Signature         1. ————————————–

    2. ————————————–

 

FORMAT- II

 

[To be executed on Rs. 100 Stamp Paper in Maharashtra]

DECLARATION OF GIFT MADE BY ________________________ TO THE HINDU UNDIVIDED FAMILY OF ___________________

I, ____________________________, residing at ____________________________, do hereby declare and affirm as under:

1. That out of natural love and affection borne by me towards the Hindu Undivided Family of_______________, I have made a gift of Rs.______ (Rupees ____________ only) as per the following details: By Cheque No.________, dated __________, drawn on Bank ____________________, ________________ Branch, in favour of ________________________ HUF. 
2. The above Gift has been duly accepted by ________________________, as Karta of his Hindu Undivided Family and has been duly acknowledged hereunder.
3. This Declaration of Gift is made to record the fact that I have made this Gift in favour of the Donee as above, who now has the absolute right, title and interest in the gifted amount. Date: ___________, 200__

___________________

(Signature of the Donor)

 

 ACKNOWLEDGEMENT OF GIFT

I, ________________________, hereby acknowledge having received the above gift made to my Hindu Undivided Family by _________________________.

Date: ___________, 200__

___________________

(Signature of the Donee as Karta of his HUF)