In India, succession planning is quite complex. With family-run businesses continuing to be more the norm than exception in India and most of them progressing fast on the path to globalisation, succession planning has never been as important as it is today. Families are often large with several factions, and with multiple people involved in the business, deliberations around succession planning can be prolonged and difficult, making it imperative to involve an arbitrator or mediator.
This edition is an attempt to delve into various aspects of succession planning — from wills to trusts; Indian tax laws; and some relevant regulations, such as SEBI, FEMA and stamp duty.
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N V Sivakumar
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