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Padam (Querist) 24 November 2015 This query is : Resolved
My grandfather was a stock broker & member in a stock exchange.As a member he has given some shares as security deposit in exchange now my grandfather is expired & he has 2 sons my father & my uncle, my father is also expired.
My grandfather has stop working as stock broker but he dont given his membership in exchange & as time run we all forget about it & my grandfather expired.Few months ago we get letter from exchange that we should give up our membership & take ours security deposit back as we are not working from long.
Problem is that my grandfather daughters (my father & my uncle sister) are claiming that they have equal right in this deposit as it is ancestral property.
Now my question is:-
Does my grandfather daughters has equal rights in this case.

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P. Venu

(Expert) 25 November 2015
Yes, the daughter, too, have thir rights.

ADV-JEEVAN PATIL, MUMBAI (Expert) 26 November 2015
Agree with expert

Rajendra K Goyal (Expert) 26 November 2015
They have right in the property of their father. Try to have amicable settlement.

Padam (Querist) 26 November 2015
But it not ancestral property it is business property.

K.S.Srinivas (Expert) 26 November 2015
Agreed with Sri Rajendra K Goyal.

T. Kalaiselvan, Advocate (Expert) 04 December 2015
The first rights vest with the class I legal heirs and then only with other heirs. They are class I legal heirs hence they are the people who are entitled to your grandfather's properties and not you.

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