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Practice Areas

A wide range of practice areas are covered to help our customers mitigate the risks of an ever-changing business environment. Spearheaded by service and sector specialists, each service vertical is backed by a highly analytical team of driven individuals that ensure clients grow in a competent and unified manner

Succession Planning

Succession Planning assumes paramount importance in (a) personal wealth transfer to the kith and kin and (b) family owned businesses.

Personal succession planning has now become imperative with global mobility of individuals and ownership of assets across nations and is necessary to ensure an easy and smooth transmission of assets to the kith and kin of the deceased, after an individual’s demise.

A family business succession plan is critical for its very survival seeks to alleviate or lessen family disputes by setting up a seamless transition plan for an orderly transfer of the management and ownership of the business to new managers and owners and to avoid liquidation of the business, post demise of the Founders.

Along with the help of external consultants in other countries, we are equipped to provide you with a one stop solution to all aspects of individual estate and business succession planning.

Our range of services in this area includes:

  • End-to-end services – from conceptualization of succession plan in discussion with individual/family members to its finalization and actual implementation;
  • Advising on different structures/vehicles including trusts, wills, HUF’s, gifts, with its associated regulatory implications;
  • Review of positions from tax perspective for family business i.e. entities and/or members of the family,
  • Advising on complex tax issues including international residency;
  • Advising on entity rationalization, in particular simplification of ownership structure through removal of cross holding, implication of cross border mergers, etc.;
  • Audit of Power Companies under the Electricity Act;
  • Tax Optimization services including reporting and representation services
  • On-going compliance support.