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