Transfer of Property Act, 1882
“Gift” i s t he tra nsf er of ce rtai n exi sting move a ble or i mmove a bl e pr ope rt y ma de volunta ril y a nd wit hout consi der ation, by one pe rs on, call ed t he donor, t o another, cal led t he donee, a nd a cc ept ed by or on be half of t he donee . Acceptance w hen to be made.—Such acceptance must be made during the lifetime of the donor and while he is till capable of giving, If t he done e di e s bef ore a c c e pt a nc e , t he gi ft is voi d.