Facebook Pixel Where There Isn't a Will | Business Today India - business - इस कहानी को Magzter.com पर पढ़ें

कोशिश गोल्ड - मुक्त

Where There Isn't a Will

Business Today India

|

December 24, 2023

Laws governing inheritance of women's assets when they pass away without a will are filled with arcane assumptions, often relying on biases that have not kept pace with the changes in Indian society

- NAVNEET DUBEY

Where There Isn't a Will

CHANGES IN SOCIETY OFTEN precede those in law by a good few years, if not decades. Women, particularly, continue to feel the full weight of centuries-old cultural mores that inform these laws. This appears to be most true in laws governing inheritance.

Consider this landmark case. In 1955, Narayani Devi married Dindayal Sharma and lived in Sharma's house with his parents. Sharma passed away within three months of the marriage, and Devi was forced out of her matrimonial home immediately after.

She returned to her parents' home, got educated, and found a job. She started bank accounts and had a sizeable sum in her provident fund account. In 1996, she passed away intestate, i.e. without a will, leaving behind the assets she had acquired in her lifetime.

Ramkishori, Devi's mother, applied for a succession certificate. So, too, did Narayani's in-laws, seeking not just succession certificates but also ownership rights over her acquired properties. A dispute arose, stemming from the fact that Devi's in-laws never made any financial contribution during her lifetime, nor did she ever visit their house. After 13 years, in 2009, the Supreme Court transferred Devi's properties to her in-laws.

This is because the Hindu Succession Act (HSA), 1956, stipulates that if a woman's property is self-acquired, the husband is predeceased, and there are no children, the property will go to the husband's heirs and not to her parents, siblings, or other relatives.

This is just an example of the arcane laws that govern inheritance, which have been amended piecemeal over time but are still a minefield for women.

THE INHERITANCE CONUNDRUM

In India, when a woman dies intestate, the distribution of her property is handled per the personal laws applicable to her religious community.

Business Today India

यह कहानी Business Today India के December 24, 2023 संस्करण से ली गई है।

हजारों चुनिंदा प्रीमियम कहानियों और 10,000 से अधिक पत्रिकाओं और समाचार पत्रों तक पहुंचने के लिए मैगज़्टर गोल्ड की सदस्यता लें।

क्या आप पहले से ही ग्राहक हैं?

Business Today India से और कहानियाँ

Business Today India

Business Today India

"GIFT LINKED TO THE INDIA GROWTH STORY"

K. Rajaraman, Chairman, IFSCA, throws light on initiatives driving growth, and the vision for IFSC

time to read

2 mins

May 24, 2026

Business Today India

Business Today India

"THE IDEA IS TO CATER TO 25-30 MARKETS"

V. Balasubramaniam, MD and CEO, NSE IX, says the exchange is scaling to become a debt and equity platform for companies across Asian, African and smaller European markets

time to read

2 mins

May 24, 2026

Business Today India

Business Today India

CRICKET'S NEW GLOBAL ORDER

ONCE THE PLAYGROUND OF BOLLYWOOD CELEBRITIES AND VANITY BUYERS, IPL FRANCHISES HAVE GRADUATED INTO BLUE-CHIP ASSETS, ATTRACTING SOVEREIGN WEALTH, WEALTH FUNDS, COMMANDING RECORD VALUATIONS, AND ANCHORING A CROSS-CONTINENT, YEAR-ROUND CRICKET ECONOMY

time to read

11 mins

May 24, 2026

Business Today India

Business Today India

INDIA'S THORIUM BET

INDIA'S PROTOTYPE FAST BREEDER REACTOR HAS ACHIEVED CRITICALITY, ADVANCING THE THREE-STAGE NUCLEAR STRATEGY. IS THE COUNTRY CLOSE TO USING ITS VAST THORIUM RESERVES TO BECOME ATMANIRBHAR IN NUCLEAR POWER GENERATION?

time to read

7 mins

May 24, 2026

Business Today India

Business Today India

“Will benefit from consolidation in real estate sector”

Pirojsha Godrej, Chairperson-designate of Godrej Industries Group, on how the group has been delivering 20% sales and earnings growth

time to read

6 mins

May 24, 2026

Business Today India

Business Today India

AI IS A LEADERSHIP, NOT A TECHNOLOGY QUESTION

Business consultant, advisor, and author Ram Charan on AI challenges, succession planning, and more

time to read

5 mins

May 24, 2026

Business Today India

Business Today India

REIMAGING COAL

COAL CAN BE AS CLEAN AS ANY OTHER ENERGY SOURCE AND MAKE INDIA SELF-RELIANT IN FERTILISER AND OIL & GAS, AS CHINA AND SOUTH AFRICA HAVE PROVED. BUT FOR THAT, THE COUNTRY WILL HAVE TO PUR

time to read

5 mins

May 24, 2026

Business Today India

Business Today India

GIFT'S MOMENT OF TRUTH

GIFT CITY IN GUJARAT IS FAST EMERGING AS AHUB FOR CROSS-BORDER CAPITAL. IT IS OPENING NEW DOORS FOR INDIANS AS WELL AS NRIs TO INVEST ACROSS MARKETS. CAN IT COMPETE WITH OTHER REGIONAL OFFSHORE FINANCIAL CENTRES SUCH AS DUBAI?

time to read

11 mins

May 24, 2026

Business Today India

Business Today India

AIMING FOR THE SUN

SUN PHARMACEUTICAL INDUSTRIES HAS STRUCK ITS LARGEST GLOBAL DEAL TO ACQUIRE US-BASED ORGANON FOR $11.75 BILLION. THIS DEAL EXPANDS SUN PHARMA'S FOOTPRINT - TO 150 MARKETS. WILL IT PAY OFF?

time to read

14 mins

May 24, 2026

Business Today India

Business Today India

THE NEW SPACE ODYSSEY

INDIA'S $13-BILLION SPACETECH SECTOR AIMS TO HIT $40 BILLION BY 2030. BUT WITH JUST 1.3% OF GLOBAL CAPITAL AND NO MAJOR EXITS YET, CAN IT TRULY SCALE?

time to read

7 mins

May 24, 2026

Translate

Share

-
+

Change font size