1. What is a Nominee? According to law, a nominee is a trustee, not the owner of the assets. In other words, he is only a caretaker of your assets. The nominee will only hold your money/asset as a trustee and will be legally bound to transfer it to the legal heirs, if a will is not done. It is essential that one needs to execute a will. It is the ultimate source of truth and replaces the succession law. Nominee can also be one of the legal heirs. 2. Why is the concept of Nominee? If the nominee does […]

Infosys share  price crashed yesterday  due to the resignation of their CEO  Mr. Vishal Sikka, the first non-founder CEO.He cited the interference of  Founder Mr. Narayan Murthy in his domain. But Mr Sikka reiterated his belief in the great potential of Infosys. The founders of Infosys  were known for good corporate governance but face a great challenge on succession planning going ahead. Business tycoon Mr Vijay pat Singhania,founder of Raymonds  has been entangled with his son Mr Gautam Singhania  on inheritance of his empire.He has already handed over his empire to his son but he has no money to meet […]