Business succession

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

14 April 2015 Sir
My cousin is a minor 15 year old . His grand father ( mother father)running a electrical company . He is age old and wanted to retire or transfer the business to his elder grand son on health reasons . ( my cousin)
My cousin father is a state govt employee and mother is a central govt employee .
Sir kindly guide me what are all the methods to transfer the business to my cousin considering all the above facts .

Arpit Shah

Arpit Shah (Expert)
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14 April 2015 Grand father can tfr to your cousin Parents Name( mom/dad as a Nominee) till he become adult .
Soon He Become Adult Grand Father Prperty Tft To Him...

Querist : Anonymous

Querist : Anonymous (Querist)

14 April 2015 Thanks sir.
parents , both are govt employees , any concerns/ challenges becoming nominee to the company till he attains adult age sir ?

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