Girish Raj
My son is joint shareholder and my wife passed away last year nominating my two daughters. I want to add both my US citizen daughters and remove my son’s name. Can I legally do so without any complications in future? My son is Indian citizen. The reason for my action is that my son wants to sell the property and my daughters want to keep it after me.
I C Naik
You are not in the scene as far as the Society is concerned. Father of a Shareholder is also no body. Your daughters are nominees for your wife’s share. But I do not see your share in the Society for which you want to nominate your daughters.
Naikji,
Just wanted to clarify. I am the first name on the share certificate, 2nd is my wife and third is my son. Previously the certificate had only my son and me on it. I added my wife’s name before him. Now that she has passed away. I made sure my wife nominated both US citizen daughter for her share and I and looking to do the same so they can have controlling rights on the property.
Please advise, if my son can cause and issue down the line by objecting to the same.
Thank you,
G.Raj