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DEEDS OF FAMILY SETTLEMENT
Business families turn to 'fluidity' clauses to handle disputesIndian business families are increasingly adding “fluidity” clauses to family settlement deeds, allowing succession, ownership and manageme...- After centuries in India, the last Cochin Jews try to keep their history aliveKochi's historic Jew Town now has only two remaining Jewish congregants. These individuals strive to preserve their community's centuries-o...
- Father can't relinquish daughter’s share in ancestral property to son; Know the legal positionA father cannot legally sign away his daughter's rightful share in ancestral property to his son, the Andhra Pradesh High Court has ruled. ...
- Inherited property via Will? Do you need mutation in your name - here’s what law saysInheriting property via Will? While mutation records update who pays taxes, they don't transfer ownership. Courts permit mutation for heirs...
- Man added his name to ancestral land records using common surname trick; Karnataka HC restores land to original ownersThe Karnataka High Court restored ancestral land to three brothers after an outsider, Basappa, falsely mutated his name using a common surn...
- Disinherited in a Will? A settlement deed can still give son or daughter rights over propertyA Kerala High Court ruling clarifies that a settlement deed holds legal power over a Will. Even if children are excluded from family proper...
- Joint mutual will alert: Surviving spouse can’t change beneficiaries after partner’s death - what parents must knowDaughters secured an inheritance in Kerala despite their parents' Will. The High Court ruled in their favour, granting them a share of the ...
- Lady with Rs 3.4 lakh annual income gets a Rs 33 lakh property via gift deed; tax dept sends notice; she wins in ITAT DelhiThe Income Tax Appellate Tribunal (ITAT) Delhi ruled that property received through a Hindu family settlement is not a taxable gift. The tr...
- Want to transfer your assets? Here are 5 tools for a smooth inheritance
- Gift deed Vs Will: Sister to get late father’s property after 30-year-fight with brother, rules Supreme CourtSupreme Court: A sister had to fight in multiple courts over a period of about 30 years with her brother for possession of their late fathe...
- What is Family Settlement Agreement, how does it prevent conflicts among family members in distribution of assets?Family Settlement Agreement: Apart from Wills, Trusts and Gift Deeds, there is another way to transfer property and assets. Family Settleme...
- Family deeds that prevent disputes? Best idea ever. NotFamily agreements in India, meant to streamline wealth distribution and succession, are often causing disputes due to poorly drafted docume...
- Kirloskar firms challenge SEBI letter asking disclosure of family settlement deed at SATFour Kirloskar companies have appealed against SEBI's directive to disclose a family settlement deed from 2009. The companies argue this di...
- Kirloskar companies to fight in court SEBI's disclosure order on family deed settlementFour Kirloskar companies, including Kirloskar Ferrous Industries and Kirloskar Oil Engines, are set to legally challenge SEBI's directive t...
- Family feud: Kirloskar Brothers Ltd withdraws 2022 Supreme Court appeal against Kirloskar Oil Engines LtdKirloskar Brothers Ltd (KBL) withdrew its Supreme Court appeal concerning Kirloskar Oil Engines Ltd's (KOEL) non-disclosure of a 2009 famil...
- Business families seek legal advice to amend tightly written deeds of family settlement amid global expansion plansBusiness families, particularly in India, are increasingly seeking legal counsel to amend rigid Deeds of Family Settlement (DFS) originally...
- Feuding Kirloskars will have to disclose Deed of Family Settlement, Sebi tells Supreme CourtSEBI informed the Supreme Court that Kirloskar Oil and Engines (KOEL) and Kirloskar Brothers (KBL) must disclose their 2009 Deed of Family ...
- Kirloskar Bros discloses family settlement deedKirloskar Brothers has become the first company to disclose its promoters' entire ‘deed for family settlement’ (DFS) according to new regul...
- HC upholds mother's right to cancel property transfer to daughter due to broken promiseThe Madras High Court upheld the cancellation of a property registration in favor of a woman by her senior citizen mother, stating that pro...
- Sanjay Kirloskar's Rs 750-crore claim gives fresh twist to bitter family feudSanjay Kirloskar has accused his family members of mala fide intent and going against the family settlement deed.
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