Denemek ALTIN - Özgür
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
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.
Bu hikaye Business Today India dergisinin December 24, 2023 baskısından alınmıştır.
Binlerce özenle seçilmiş premium hikayeye ve 9.000'den fazla dergi ve gazeteye erişmek için Magzter GOLD'a abone olun.
Zaten abone misiniz? Oturum aç
Business Today India'den DAHA FAZLA HİKAYE
Business Today India
SMALL SAVINGS GOING STRONG
New investment choices like gold, crypto, stocks have gained much popularity in recent years. But small savings schemes continue to retain investors' interest with their steady returns
7 mins
May 10, 2026
Business Today India
CHASING RETURNS IN FY27
THE YEAR PROMISES TO BE AS UNCERTAIN AS THE PREVIOUS FINANCIAL YEAR. HERE'S HOW INVESTORS CAN MANAGE THEIR INVESTMENTS OVER THE NEXT FEW QUARTERS
6 mins
May 10, 2026
Business Today India
LUPIN'S ROAD TO RECOVERY
AFTER A FEW YEARS IN THE ROUGH, LUPIN MADE A STRONG COMEBACK IN FY25. THE MOMENTUM HAS CONTINUED INTO FY26. WILL THE RIDE CONTINUE?
12 mins
May 10, 2026
Business Today India
PRESENT TENSE
THE WAR IN WEST ASIA HAS THROWN UP FRESH CHALLENGES FOR THE ECONOMY AND INDIA INC. THE ALL-NEW BT-C FORE BUSINESS CONFIDENCE INDEX SHOWS THAT FIRMS ARE WORRIED ABOUT THE PRESENT AND UNCERTAIN ABOUT THE FUTURE
6 mins
May 10, 2026
Business Today India
CURBING VOLATILITY
THE RUPEE MAY HAVE RECOVERED FROM ITS RECORD LOW OF 95 TO THE DOLLAR, BUT EXPERTS CAUTION THAT THERE COULD BE MORE PAIN AHEAD
8 mins
May 10, 2026
Business Today India
BEST Management Advice
\"BE A CULTURAL CHAMELEON WITHOUT LOSING CORE VALUES\"
2 mins
May 10, 2026
Business Today India
TIME REIMAGINED
At Watches and Wonders 2026, heritage houses unveil timepieces that redefine precision, prestige, and pure desire
2 mins
May 10, 2026
Business Today India
"Biggest challenge for fertiliser sector is raw materials"
Arun Alagappan, Executive Chairman, Coromandel International, on why he sees opportunity in the fertiliser industry, despite import dependence
5 mins
May 10, 2026
Business Today India
REFUELING UDAN
THE FIRST PHASE OF UDAN GOT A MIXED RESPONSE AFTER THE END OF THE SUBSIDY PERIOD. WILL THE MODIFIED SCHEME HELP INDIAN AVIATION PERFORM TO ITS FULL POTENTIAL?
6 mins
May 10, 2026
Business Today India
INFRASTRUCTURE INVESTING MADE SIMPLE
INVITS ARE RIDING INDIA'S STRONG INFRASTRUCTURE PUSH, WITH AUM RISING SHARPLY. BUT RETAIL INVESTORS HOLD JUST 5% OF THE UNITS. IS THIS THE RIGHT TIME TO JUMP ON THE OPPORTUNITY?
7 mins
May 10, 2026
Translate
Change font size
