Family business settlement and transfer
sourav
(Querist) 19 October 2013
This query is : Resolved
Hi,
i need help and advice for a family settlement of business.
we have Oxygen Supply Retail chain for local Iron-Cutter industry.
Previously all together was family business.
Now during turn of Family settlement and requirement of Nuclear family and business adjustments.
1) Oxygen business was taken care By Brother:-A,
all firm and CST /VAT was under his name.
Brother A: agrees retain ownership of home and agrees to transfer all Oxygen Business to Brother:-B.
now how shall Brother :B can get this Business Transferred in legal to his name.
also VAT/CST/PAN could changed for Brother B.
what kind of Deed/ relinquishment deed would required, do Brother:-A, family legal inherits would also sign deed in favor of Brother :B.
will this Deed would be suitable in legal terms to get all business transferred.
if you can provide an overview of deed format.
your kind sharing of knowledge would be greatly helpful.
BR
Sourav
ajay sethi
(Expert) 19 October 2013
commercial query . you can afford legal fees .
Prithvi Raj Sikka
(Expert) 20 October 2013
commercial transaction reply can be given after going through settlement. Moreover you have to pay fee for said discussion and litigation
Chattopadhyay Arghya
(Expert) 21 October 2013
I can give whatever you want but after filling up online registration form with payment option of your choice and payment made online as would be mentioned in the form; download deed open with password u will be supplied after payment. If you agree inform me please. Then I shall mail you the form.
