yasaswi gomes (.) 16 May 2021
Hi,
If I am a billionaire in India and single, I don’t want my property to be inherited by anyone. I have
100 kgs gold
1000 acres land
50 shopping centers
1 billion dollars cash in Indian bank
I don’t want to leave my wealth in the banks in any form.
Once I am dead, I want my solicitor to convert all them into liquid cash and burn it to ashes so that no one will use it. Is that possible?
Sankaranarayanan (Advocate) 16 May 2021
Time pass query? Burning currencies is punishable.
yasaswi gomes (.) 16 May 2021
Kind of a interview quiz. I’m not aware it’s punitive. Then can I order my men to bury it in the Indian Ocean?
Rama chary Rachakonda (Secunderabad/Telangana state Highcourt practice watsapp no.9989324294 ) 16 May 2021
It is crime under R.B.I. rules
kavksatyanarayana (subregistrar/supdt.(retired)) 16 May 2021
You post manuy academic queries but nowhere the actual problem never posted.
Pradipta Nath (Advocate) 16 May 2021
seriously!!
yasaswi gomes (.) 16 May 2021
Yes!! I have the right to safekeep my money. So I will hide it under three fathoms of sea. When I am dead, and after 30 years, India will demonetise and my hidden money will be useless even if found. It is legal.
Pradipta Nath (Advocate) 16 May 2021
Go for it dude!!
yasaswi gomes (.) 16 May 2021
The only problem is, if I can withdraw all of it in cash. Due to which I have to do several transactions and convert it to cash. But not impossible!!
© 2024 LAWyersclubindia.com. Let us grow stronger by mutual exchange of knowledge.
