Even if you are the majority shareholder of the company, you cannot will away a piece of land registered in your company’s name. This is because the company is a separate legal entity and is the true owner of the piece of land. You only own it indirectly through the shareholdings in the company and as such you cannot Will it away. However, you may will away your shares in the Company.
Can a piece of land registered under a private limited company’s name be included as assets in the Will?
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About the Author: Syarisa Elisa Mohamed Rozlan
Syarisa Rozlan is a law graduate from Universiti Teknologi Mara (UiTM). She is a former Pupil-in-Chambers in Messrs Hafarizam Wan & Aisha Mubarak. She is currently working as Legal Associate handling civil matters. Other than work, she is also passionate about photography. Being able to record memories is one major reason why she loves photography. She likes to see beauty in everything and everyone.
