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प्रश्न
Write short note on the following.
Features of Joint Hindu family.
उत्तर
Features of a joint Hindu family business:
i. Formation: The formation of a joint Hindu family business requires the existence of ancestral property. Also, at least two
members are required for its formation.
ii. Control: The Karta is solely responsible for all the management decisions of the business.
iii. Continuity: The continuity of a joint Hindu family business remains unaffected by the death of the Karta as the next eldest
member becomes the Karta.
iv. Unlimited liability: The Karta being the head of the joint Hindu family has unlimited liability.
v. Status of minors: A minor also has membership rights in the business; that is, membership in the business is acquired by
virtue of birth.
vi. Quick decision making: Complete control by the Karta enables proper administrative functioning and quick decision
making.
APPEARS IN
संबंधित प्रश्न
Features of Joint Hindu Family Business
Distinguish between the following:
Joint Hindu Family firm and joint stock company
Co - operative Society Joint Hindu Family Firm
Co - operative Society Joint Hindu Family Firm
Merits and Demerits of Joint Hindu Family?
The form of organisation which comes into existence by law of inheritance.
Select the proper option from the options given below and rewrite the completed sentence.
The Karta in Joint Hindu family Business has ________ Liability.
Write a word or a phrase or a term which can substitute the following.
The senior most family member of joint Hindu family firm.
Briefly explain the following term: Karta
State True or False:
The liability of KARTA is unlimited.
State True or False:
The maximum number of members is unlimited in Joint Hindu Family Firm.
State True or False:
Joint Stock company can raise huge amount of capital.
Correct the underlined word and rewrite the following sentence.
In Joint Hindu Family business, the senior most member of family is called as Co-parcener.
Answer in brief.
State any four merits of the Joint Hindu Family Firm.
Justify the following statement.
Karta is the sole manager of ‘Joint Hindu Family Business’.
Give one word/phrase/term.
The members of the Joint Hindu Family firm.
Give one word/phrase/term.
The members of the Joint Hindu Family firm.
Give one word/phrase/term.
The members of the Joint Hindu Family firm.
Give one word/phrase/term.
The members of the Joint Hindu Family firm.
