Over the years it has been observed that companies forming a part of large group holding structure, undertaking investment activity as core business activity, increasingly face risk of being classified as Non-Banking Financial Company (NBFC) owing to the nature and composition of their assets and income streams. NBFC is a financial institution (company) registered under […]
Succession planning is essential to preserve one’s legacy and ensure a smooth, structured transfer of assets to future generations. It also helps provide financial security to the intended beneficiaries. Failing to plan succession through available instruments leaves an individual with no choice and discretion over distribution of assets. It then leads to distribution as per […]
India has been home to the joint Hindu family culture as a social and economic unit where families share residence, property and wealth. ‘Hindu Undivided Family’ (HUF) has functioned as most effective tax savings strategy and a tool for passing on wealth from one generation to the next on autopilot terms. However, with changing family […]
We have seen significant increase in Indians migrating to the US in pursuit of better career prospects, improved living standards, higher education and other opportunities, accumulating wealth in both jurisdictions. USA has the largest population of overseas Indians, with approximately 5.69 million currently residing there, according to data from the Ministry of External Affairs as […]
With growing international relations, Indian families, businesses and investments are becoming globally aspirational. It is now more feasible to educate children overseas, seek global citizenships, acquire offshore assets and invest globally. Conventional ways of succession planning do not support these global aspirations and expansion. Ease of global expansion brings legal and regulatory hurdles along, making […]
A growing number of promoters are now holding their company shares through trusts. As per Prime Database, as on October 2025, among the 2,757 companies listed on the NSE, promoters of ~880 of these companies hold their shares through different trust structures- private, public or Family Trust driven by the need to safeguard wealth, enhance […]
Succession in family businesses is inevitable and vital for preserving legacy, unity, and continuity. It promotes a sense of belonging among the next generation, ensures harmony, and supports business growth without disruption. Early planning is essential to address issues and enable smooth transitions followed by clear communication amongst the family members. Without a clear roadmap, […]
Family businesses have been the oldest and historically rooted form of business across cultures since medieval times. These enterprises were inherited by bloodlines; and addition through marriages were a strategic move to strengthen the business alliances. In the 1400s, the ‘Medici family of Italy’, rose from traders to Europe’s most powerful bankers, significantly impacting art, […]
Why Succession Planning? From the epic inheritance tales of the Mahabharata to the 21st century courtroom dramas—contention on inheritance has always disrupted families and their legacies. In India, almost 78%1 of the 1,09,93,516 pending civil cases are a subject of inheritance dispute. The underlying issue is that most people do not even consider succession planning to […]
Planning for the future is essential to ensure the safety and security of your family. One of the most effective ways to achieve this is by creating a Will. A Will is a crucial legal document that outlines your wishes regarding the distribution of your assets and the care of any minor children after your […]
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