Can my mom who shouldn’t be a coparcener be karta in HUF?
My father, who was the karta of our HUF (Hindu undivided household), with my mom, elder sister and I as members, died two years in the past. Thereafter, the financial institution the place the HUF account is held is insisting on transferring it solely to my elder sister.
Under the circumstances, is there any risk for my mom to grow to be the karta of the HUF? What is the related authorized part that must be quoted for necessitating a switch to my mom’s identify? Additionally, will there be a change within the PAN (everlasting account quantity) after switch of the HUF? Will it additionally result in a change within the identify of the HUF?
—Name withheld on request
Your question infers that your father had established the HUF and the youngsters (i.e. elder sister and also you) are coparceners. In this case, your mom could be a member of the HUF and never a coparcener. Given that your mom doesn’t qualify as a coparcener, she can’t grow to be the karta of the HUF.
Further, within the case of Sujata Sharma vs Shri Manu Gupta & Ors, the Delhi High Court held that an eldest feminine member of a household, being the co-parcener in HUF, could grow to be its karta. Hence, the financial institution could be insisting in your elder sister changing into the karta of the HUF as a substitute of your mom.
We assume that the question refers as to if the change in karta of the HUF warrants a change of the PAN of such HUF. The PAN of the HUF is everlasting and won’t change on account of any change within the karta or coparceners. As regards the identify of the HUF, the identical additionally doesn’t change on account of any change within the karta or coparceners.
Can a divorcee and her grownup son who’s single type an HUF?
—Name withheld on request
This appears unlikely in India in the meanwhile. It could be value exploring along with your legal professional, together with the rationale for utilizing a HUF e.g. is it simply to carry property collectively? Other choices like Trusts or LLPs may be extra possible, relying in your goals.
My father had bequeathed me a home in 2009. However, there are three different authorized heirs to the home. I’ve been attempting to contact them for a very long time in order that I can switch the home in my identify however they don’t seem to be responding. Will it assist if I publish a authorized discover in any main newspaper for one month and thereafter take motion to switch the home in my identify?
—Name withheld on request
There is not any point out in your question as to the place the Will was made and the place the home is located. As per the Indian Succession Act, 1925 (ISA), if a Will is made in Kolkata, Chennai or Mumbai or offers with immovable property in Kolkata, Chennai or Mumbai, then a probate of such a will is required. Your question additionally doesn’t specify whether or not the home is bequeathed to all three heirs, or solely to you (to the exclusion of the opposite two heirs). It could also be inferred that the property is left to all three of you (we assume equally), and that you’re in search of that it’s transferred solely to you.
Assuming that probate is required, the executor (as named within the Will) might want to full the mentioned course of and title will circulate to every of the mentioned heirs underneath the probate.
Post the completion of the probate, the opposite heirs can execute a duly stamped and registered switch deed in your favour. You may converse to your counsel and see if the mentioned heirs could be prepared to relinquish their title on the probate stage itself, and therefore the property might be transferred on to you in a single step.
Just placing your discover within the newspaper with out finishing the opposite required formalities is not going to enable you to get the home transferred.
Rishabh Shroff is associate, Cyril Amarchand Mangaldas.
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