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Question ID : 44578

HINDU UNDIVIDED FAMILY

I HAVE HUF CONSISTING OF 3 MEMBERS MYSELF,WIFE,MINOR CHILD CAN MY WIFE RELINQUISH HER RIGHT WHAT IS PEOCEDURE

Posted by Amit on Nov 26, 2023

Filed Under CORPORATE & OTHER LAWS

Answer ID : 85240

Wife can relinquish her right by executing relinquishment deed on requisite value of stamp paper. It should be registered with the Sub-Registrar Office.

Posted by CA. chunauti dholakia on Nov 28, 2023
Answer ID : 85241

Yes...u can relinguish......

Posted by SIVADAS CHETTOOR on Dec 03, 2023
Answer ID : 85298

• A coparcener may renounce his interest in the coparcenary property in favour of the other coparceners as a body but not in favour of one or more of them. If he renounces in favour of one or more of them the renunciation enures for the benefit of all other coparceners and not for the sole benefit of the coparcener or coparceners in whose favour the renunciation is made.” Chella Subbanna v. Chella Bala Subba Reddy Laid down that relinquishment by one coparcener of his share in the family property in favour of other coparceners does not amount to alienation, but rather a mere extinction of his interest in favour of others. He, however, is not entitled to give his share in favour of another coparcener. In Anjaneyulu v. Ramayya, it was held that "The relinquishment of a share by one of the coparceners in favour of the other members does not alter the status of the joint family. The release or alone separates himself from the family while others continue as members of an undivided family." Relinquish deed to be executed.

Posted by Hari Beldona on Feb 02, 2024