Every term is defined twice: once the way a filing would put it, and once the way somebody would explain it to you across a table. The second one is usually the one that sticks.
Showing 4 terms
The legal process determining who inherits property, governed in India by religion-specific personal law.
The Hindu Succession Act, Muslim personal law and the Indian Succession Act cover different groups. A will is what lets you decide instead of accepting the default.
Preparing for a change in leadership before it is forced.
A non-family CEO with a real mandate is the strongest signal. A family member appointed straight to the board is the weakest.
A person entitled to inherit under a will or, in its absence, under succession law.
The nominee receives; the legal heir owns. Confusing the two is how carefully planned money ends up in court.
The founder, family and entities defined as controlling a listed company under SEBI regulations.
In India a succession is simultaneously a management change and a transfer of a controlling shareholding.