4 years, 4 months ago
Rights of daughters | Supreme Court ruling a wake-up call to family businesses
The HinduFamily businesses which have not yet recognised the rights of daughters will see an impact from the Supreme Court’s verdict on Tuesday that gives retrospective effect to a 2005 amendment to the Hindu Succession Act of 1956, experts said. The apex court has ruled that daughters will have equal coparcenary rights in a Hindu Undivided Family irrespective of whether the father was alive at the time of the amendment or not. “Most of the family businesses would have figured out how to accommodate daughters in terms of sharing wealth and allowing them to take part in business since the amendment came in 2005,” senior advocate N.L. “The joint and large family businesses should be open to recognising the rights of daughters.
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History of this topic
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4 years ago
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4 years, 2 months ago
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4 years, 4 months ago
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