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प्रश्न
Distinguish between the following.
Joint Hindu Family firm and Partnership
उत्तर
| Basis of Difference | Joint Hindu Family Firm | Partnership Firm |
| Regulating Act | Governed by the Hindu laws & the Hindu Succession Act 1956. |
Governed by the Indian Partnership Act 1932. |
| Number of members | Minimum: 2 Maximum: No limit |
Minimum: 2 Maximum: 10 for banking business and 20 for other businesses |
| Minor | Minors can be members | Minors cannot be members |
| Liability | Liability of all members is limited, but the liability of the Karta is unlimited. |
Liability of the partners is unlimited |
| Management and control |
Management and control lie in the hands of the Karta. |
Management and control are shared by the partners |
| Decision making | All decisions are taken by the Karta. |
Any decision requires the consent of all partners. |
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संबंधित प्रश्न
Indian Partnership Act was passed in the year...............................
In partnership the liability of partners of a firm is unlimited.
Define 'partnership firm'. Explain its merits and demerits.
A Joint Stock Company can raise huge capital.
Distinguish between Partnership Firm Joint Stock Company
Write a word or a phrase or a term which can substitute the following.
A partner who gives his name to a partnership firm.
Long answer type question.
Define Joint Stock Company and explain its features.
Write the word. or phrase or tenn which can substitute the following statement~:
The senior most family member of a Joint· Hindu family firm.
State with reasons whether the following statement true or false.
In a partnership the liability of every partner of a firm is unlimited.
State Whether the Following Statement Are True Or False (Give Reason).
A partnership agreement cen be verbal or written.
State Whether the Following Statement Are True Or False (Give Reason)
The liability of partners is limited.
State Whether the Following Statement Is True Or False (Give Reason).
The liability of the Karta is limited and that of coparceners is unlimited.
Explain the merits of partnership.
In which form of organisation is a trade agreement made by one owner binding on the others? Give reasons to support your answer.
