1094

Form No. 3
Transfer by Trustees to Charity
DEED OF TRANSFER is made at ... this ... day of ... between (1) ... (2)
... (3) ... (being the present Trustees of a Deed of Trust hereafter recited)
hereinafter referred to as the Transferors of the One Part and (1) ... (2)
... (3) ... (being the present trustees of a public charitable Trust known as
... hereinafter referred to as the Transferees of the other part.
WHEREAS
1. By a Deed of Trust dated ... made by and between Mr ... therein,
referred to as the Settlor of the One Part and (1) Mr. A, (2) Mr. B and (3)
Mr. C therein called the Trustees of the Other Part and registered under
Sr. No. ... of Book No. I at the Office of the Sub-Registrar at ... the said
Settlor granted and transferred the property described in the schedule
hereunder written upon trust for the benefit of his wife and provided that,
on the death of his wife the said property should be transferred to the
Trustees of the said Public Charitable Trust by name ... and created by
... upon the Trusts that the net income from the said property or from
the net sale proceeds thereof, if it is sold, should be applied towards the
educational objects of the said public trust.
2. Out of original Trustees A & B & C abovenamed A died and B re-
signed and by a deed of appointment of new Trustees dated ... executed by
the remaining trustee C, on the one hand and the said Mr. C and other
two being the Transferees herein, the said C appointed the other two
trustees as trustees and transferred unto himself and the other two new
trustees as trustees of the said trust in place of those who have ceased
to be the trustees the said trust properly TO HOLD the same upon the
same trusts as are provided in the said Deed of Trust.
3. The wife of the said Settlor has died and the Transferors propose
to transfer the said property unto the Transferees.
4. The Transferees have agreed to accept the said trust property on
the Trusts mentioned in the said Deed of Trust.
NOW THIS DEED WITNESSETH that in the premises the Transferors
do and each of them doth transfer unto the Transferees the said land and
premises described in the Schedule hereunder written and comprised in
the said Deed of Trust TO HOLD the same unto the Transferees on the
trusts namely to utilise the income therefrom or if the said property is
sold by the Transferees then the net income from the investments of the
net sale proceeds of the said property, for the educational purposes or
objects mentioned in the deed or scheme under which the Transferees
are holding the properties of the said Public Charitable Trust and with
all the powers and subject to all conditions and provisions contained in
such Deed or Scheme.
AND the Transferors hereby covenant with the Transferees that they
have not done any act, deed or thing whereby or by means whereof they
are prevented from transferring the said property described in the Schedule
1095
hereunder written to the Transferees in the manner aforesaid.
IN WITNESS WHEREOF the parties have put their hands the day and
year first hereinabove written.
THE SCHEDULE ABOVE REFERRED TO
x x x
Signed and delivered by the withinnamed )
Transferors (1) ... (2) ... and (3) ... )
in the presence of ... ... ... )
Signed by the withinnamed Transferees )
(1) ... (2) ... & (3) ... in the )
presence of ... )
_____________________________
Note : For Stamp Duty & Registration see Preliminary Notes.
Stamp Duty, eStamping & Registration : See the Indian Stamp Act, 1899 (2 of
1899), Rates of Stamp Duty in various States, eStamping and Compulsorily & Option-
ally Registrable Documents under the Registration Act, 1908 (16 of 1908), with offcial
websites, in respective later Part/Chapters on Stamp Duty, eStamping & Registration of
Deeds & Documents.
TRANSFER BY TRUSTEES TO CHARITY