Proprietorship onwership transfer

Rekha (Querist) 08 October 2014 This query is : Resolved
Hi

I am currently running a sole proprietorship software company.As i have got my interest of job in private sector i would like to transfer the company to my family member but my husband recently got other country passport(NRI) and have minor kids under 14.

Pls suggest any option on this scenario and also the list of process involved.

Thank You
Rekha.

Follow Query

Report Abuse

ROHIT SHARMA (Expert) 08 October 2014
1. N.R.I. having an Origin of India status ( dual citizenship) sanction by the Indian Govt can come to own such transferred sole proprietorship. The kids have no relevance in such transfer matter.

Rajendra K Goyal (Expert) 08 October 2014
Either your husband should wind up the firm or should sell it.

Consult a local lawyer for procedure.

Previous

Next

You need to be the querist or approved LAWyersclub expert to take part in this query .

Click here to login now

Similar Resolved Queries :

Ask Query
Unanswered Queries