This Gift deed describes the voluntary transfer of movable property i.e. any kind of shares from the the donor(owner) to donee(receiver of gift) without any exchange of money.
It specifies the value of gift and conditions if any applicable on gift. So, it helps in determining whether the gift will be taxed or not. Also, if the conditions are not fulfilled, your
gift could be revoked.
A gift of movable property may or may not be registered. But delivery of the property and acceptance of it are essential to consider it legally valid deed.
Use this agreement if
You want to gift some kind of shares to another person.
Someone is gifting you an interest in his shares.