Private Client Practice, General Corporate
Rishabh Shroff is a Partner in Cyril Amarchand Mangaldas. He is based in the Mumbai office of the Firm, and also spends significant time in the Firm’s New Delhi office as well. After completing his LL.B at the London School of Economics, London, he joined the Firm in September 2007. He was admitted as an advocate in the Bar Council of Maharashtra & Goa (India) in 2007. He is also a Solicitor, Supreme Court of England & Wales.
Rishabh is Co-Head of the Private Client practice at the Firm, specializing in family constitutions and settlements, trusts, wills and succession planning. He provides succession, taxation, estate and wealth planning advice for wealthy individuals and their families, who are often promoters of large family businesses. He also provides related advice to trustees and other private client service providers, such as family offices and institutional / corporate trustees.
Rishabh is currently advising on the creation and management of a number of domestic trusts, and has experience of advising both trustees and beneficiaries in relation to their relative rights, responsibilities and obligations. He is experienced in the drafting and creation of inter-vivos trusts and their constitutional mechanisms, and has experience in dealing with complex issues such as settler reserved powers, protector powers and appointment mechanisms. He also frequently advises on complex issues arising under the Indian exchange control regime (including in respect of NRIs and foreign trusts and companies), SEBI Takeover Regulations and the SEBI Listing Agreement.
Rishabh is involved in the setting up and administration of a number of bespoke private trust companies in India. He also advises on a number of charitable and philanthropic endeavors, including on India’s Corporate Social Responsibility regime.
Rishabh has a number of publications in this area, including: “Budget 2013: Will India’s proposed inheritance tax be a ‘heir’ raising experience?” (Economic Times, February 28, 2012); “Succession Planning in Family/Promoter driven companies” (Spencer Stuart Board Index 2012); “The Evolving Role of Marwari Women in Business” (Marwar Magazine, March / April 2015 Edition); The International Comparative Legal Guide to: Private Client (2015 and 2016 Editions); Private Wealth Guide for Asia (Indian Chapter) (2012) etc. He was also quoted in “Rapid wealth creation fuels fast growth for India’s advisors”, an article published by Citywealth Magazine (UK) in September 2015.
Rishabh is a Director and senior member of ‘STEP Estate Planning India Private Limited’, the Indian