Governmenr servant inheriting business

Kani (Querist) 16 September 2021 This query is : Resolved
My Friends Family owns a well to do Business with around 30-40 workers with livelihood dependent on the business. Their is no capable heir apparent to inherit the business. Only the Friend is left in the family. Selling the business is not an option as it holds a sentimental value as well as monetary value. Friend is government employee and the business is retail in food sector. Friend does not want to be involved in business but to keep ownership of it in the family and continue the Job. Is any provision available to keep the ownership

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kavksatyanarayana (Expert) 16 September 2021
If your friend wishes to continue the family business, he can resign and continue the same.

P. Venu (Expert) 17 September 2021
Admittedly, your friend has already inherited the business. Such inheritance does not disqualify him in continuing with the Job.

However, he is not expected to compromise his devotion to duty in order to look after the business.

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