Writing in the will
This query is : Resolved
01 December 2015
Sir,
My querry is about the fact that can any one write his owned property in his WILL, the name of a Private Limited Company, and shall it carry the Legal weightage and Authenticity? I mean the Directors and share holders would be able to operate upon this, and the company shall become natural owner of the LAND or Property?
Can the company be taken over by any third party or person along with its assets, i.e. the Land or property?
My querry is about the fact that can any one write his owned property in his WILL, the name of a Private Limited Company, and shall it carry the Legal weightage and Authenticity? I mean the Directors and share holders would be able to operate upon this, and the company shall become natural owner of the LAND or Property?
Can the company be taken over by any third party or person along with its assets, i.e. the Land or property?
05 December 2015
Please check the provisions of Indian Succession Act regarding the possibility of doing so, if there are any near relatives to the testator of the Will.
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