Description
Wolters Kluwer Succession Planning - Family Wealth Succession Agenda by PricewaterhouseCoopers PwC
About the book
In India, succession planning is quite complex. With family-run businesses continuing to be more the norm than exception in India and most of them progressing fast on the path to globalisation, succession planning has never been as important as it is today. Families are often large with several factions, and with multiple people involved in the business, deliberations around succession planning can be prolonged and difficult, making it imperative to involve an arbitrator or mediator.
This edition is an attempt to delve into various aspects of succession planning — from wills to trusts; Indian tax laws; and some relevant regulations, such as SEBI, FEMA and stamp duty.
Foreword by Zia Mody –
“This PricewaterhouseCoopers publication on “Succession Planning” is a welcome complete guide for the business community and decision makers involved in the process and will provide them sufficient food for thought. Topics are captured in a succinct and lucid manner, making it not only excellent ready reference material but also logically arranged, and therefore, a pleasure to read.”
“The book reflects not only deep technical knowledge but also years of practical experience” – Adi Godrej
“A comprehensive and well-crafted compendium on the key subject of succession planning” – Harsh Goeka
“Probably one of its kind which provides insight on the regulatory landscape as well as guidance about the practical challenges and concerns of succession planning.” – Manish Chokhani
“A pleasure to read what would otherwise have been a morbid subject, always nagging in the mind but never gets due attention- the compilation not only pushes one to introspect, but also provides path to action.” – Ashok Goel
Key Features
Necessity: Heredity is automatic but succession needs planning
Ingredients of a good succession plan
Process of development of a succession plan
Tax and regulatory hurdles in development process and suggested solutions
Impact analysis under regulatory and fiscal statutes
Migration strategies
Possible structures
Precedents