shares of daughter in buisness as well as other properties

Querist : Anonymous (Querist) 22 October 2009 This query is : Resolved
there wer 2 brothers who did buisness(50%share each)one of the brother died who had two sons.these two sons are doing buisness having 25% share each in buisness.now the brother who is alive has no sons but three daughters who are all married.one of the husbands of these married daughters joined the buisness.Is the husband of this married daughter entitled to join the buisness & what will be the share of these married daughters as they are demanding their share in family buisness.are those 2 sons who i mentioned in the start have legally more right than the others.please clarify in depth

Follow Query

Report Abuse

Adinath@Avinash Patil (Expert) 22 October 2009
DAUGHERS WIIL GET 1/6 TH SHARE FROM BUSINESS AS WEL AS OTHER PROPERTY.

A V Vishal (Expert) 22 October 2009
You have not stated the constitution of the business, is it a partnership or a family business, clarify

n.k.sarin (Expert) 22 October 2009
Mr. Anonymous,daughter has no right to get share in the business till father alive. As far as joining business of one of the married daughter's husband is concerned it must be with the permission of the father.

Sachin Bhatia (Expert) 22 October 2009
If it is a family business daughter will get 1/6 share from bussiness. Husband of the married daughter can join with the permission of other share holders.

Arul Kumar (Expert) 22 October 2009
I agree with Mr. Sarin.

Raj Kumar Makkad (Expert) 22 October 2009
I also go with Sarin.

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