LCI Learning
Master the Basics of Legal Drafting in All Courts. Register Now!

Share on Facebook

Share on Twitter

Share on LinkedIn

Share on Email

Share More

Mudit Aggarwal   04 December 2024

Transfer of mes registered firm after death of sole proprietor

My sister, who is her husband's legal heir, wants to get their MES firm transferred to her after his death, but we are confused about what to do. Someone suggested applying for the firm's delisted and then applying for a new registration. What if we get the firm unlisted, and the running contracts will lapse?



 4 Replies

Anshu Sharma (LAWFINITY SOLUTI   04 December 2024

Hi,

I understand your concern. When a sole proprietor passes away, the transfer of the firm can be a bit tricky. If you choose to delist the firm and re-register, you may risk losing the existing contracts as they would typically be tied to the registered entity.

A better approach might be to explore transferring the firm to your sister as the legal heir, which could allow the business to continue operating smoothly without disrupting existing contracts.

To get more detailed guidance on how to proceed, feel free to reach out to me. I'd be happy to assist.

 

T. Kalaiselvan, Advocate (Advocate)     04 December 2024

You can consult a local consultant having experience in this regard and proceed as suggested.

P. Venu (Advocate)     04 December 2024

The so-called registration with MES is an internal process. MES authorities or those familiar with MES activities alone would be in a position to provide guidance.


Leave a reply

Your are not logged in . Please login to post replies

Click here to Login / Register