Death of sole propreitior
SREESH
(Querist) 17 January 2015
This query is : Resolved
MY GRANDFATHER WAS A PROPREITOR IN A SOLE PROPREITORSHIP. MY FATHER IS AN ATTORNEY HOLDER THERE. SINCE MY GRANDFATHER EXPIRED ON 15/01/2015.MY GRANDFATHER LEFT BEHINED 1 WIFE, 1 SON & 3 DAUGHTERS.WHAT ARE THE LEGAL FORMALITIES DO I ADVICE MY FATHER SO THAT NOW HE CAN BECOME THE PROPREITOR OF THAT SOLE PROPREITORSHIP IN WHICH MY GRANDFATHER WAS SOLE PROPREITOR
Advocate Kappil Cchandna
(Expert) 18 January 2015
Dear,
Get the legal heir certificate and get the properties mutated in remaining heirs ...
Kapil Chandna Adv 9899011450
ajay sethi
(Expert) 18 January 2015
your father has 1/5th share in your grand father estate . if your father wants to continue business run by your grand father he would need consent of other legal heirs
Rajendra K Goyal
(Expert) 18 January 2015
All other legal heirs need to surrender / settle the claim with / in favor of your father so that your father may become the absolute owner of the business.
T. Kalaiselvan, Advocate
(Expert) 20 January 2015
Well explained by experts above. Your father needs a registered release deed from all other legal heirs of your grandfather if he desires to continue as a sole proprietorship in your grandfather's business. This is besides his own share of 1/5th share in the property left behind by your grandfather.
