Hello: My Children who are foreign citizens have no interest in the small HUF I have created. They would like their names removed from the HUF. What is the process to do this.?
Pradeep 08 October 2019
Hello: My Children who are foreign citizens have no interest in the small HUF I have created. They would like their names removed from the HUF. What is the process to do this.?
G.L.N. Prasad (Retired employee.) 09 October 2019
A simple family settlement, relinquishment of their rights may be sufficient, get the deed drafted by a local advocate and get signatures of all co parcenors and register the deed.
Pradeep 09 October 2019
Thank you sir... The registration would be a problem since I assume it will have to be done in India requiring travel.
Can this document not be drafted by a Solicitor/Attorney overseas and signed in the presence of a notary public.
I read that India is a signatory to the Hague Convention where documents notarized in one signatory country are accepted by the other signatory country.
P. Venu (Advocate) 10 October 2019
They can execute PoA following the alid down procedure.
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