New Delhi, April 15 -- Shabnam Shaikh, Partner at Khaitan & Co noted that under the Indian Stamp Act, a settlement or written, non‑testamentary disposition, may be made:

(i) in consideration of marriage,

(ii) for the purpose of distributing the property of the settlor among family members or persons for whom the settlor wishes to make provision, including dependants, or

(iii) for any religious or charitable purpose.

Patnaik added that the implementation may be immediate or structured over a period of time. "Accordingly, the parties may provide for phased transfers or realignment of rights and interests, subject to mutually agreed timelines, conditions precedent, or milestone-based triggers, to ensure a smooth and commercially fe...