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प्रश्न
Justify the following statement.
The liability of Co-parceners is limited in ‘Joint Hindu Family Business’.
उत्तर
- In a Joint Hindu Family Business, there are two types of members Karta and Co-parceners.
- Karta has unlimited liability and he is the only decision making authority. The Co-parceners have limited liability and therefore cannot take part in the management of the firm. They can only share the profit but cannot challenge decisions taken by the Karta.
- The liability of coparceners is limited up to the extent of their share in the Joint Hindu Family Business.
- The personal property of co-parceners is not used for payment of the liability of the Joint Hindu Family business.
- Thus, the liability of Co-parceners is limited in ‘Joint Hindu Family Business’.
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संबंधित प्रश्न
State True or False:
The main motto of co-operative society is to render services to its shareholders.
State True or False:
The membership of a co-operative society is compulsory.
Find the odd one.
Find the odd one.
Complete the sentence.
The management of Co-operative society is based on _______________.
Complete the sentence.
The face value of the shares of Co-operative society is very _______.
Answer in one sentence.
What do you mean by co-operative Society?
Explain the following term/concept:
Managing Committee.
Distinguish between Co-operative Society and Partnership Firm.
Distinguish between.
Co-operative Society and Joint Stock Company.
Answer in brief.
Describe any four types of Co-operative Society.
Justify the following statement.
The main objective of Co-operative society is to provide services to its members.
Justify the following statement.
Co-operative society follows democratic principles.
Attempt the following:
Explain various types of Co-operative Society.
Attempt the following:
Describe the features of the Co-operative Society.
Attempt the following:
Explain the demerits of Partnership firm.
