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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
Define 'Joint Hindu family'.
Features of Joint Stock Company?
maximum number of members in a Joint Hindu Family firm is 20.
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 members of Hindu Undivided family business are called ________
Select the proper option from the options given below and rewrite the completed sentence.
Limited managerial skill is the ________ of Joint Hindu family business.
Select the proper option from the options given below and rewrite the completed sentence.
The Head of Joint Hindu family Business is called as ________.
Distinguish between the following.
Joint Hindu family firm and Sole Trading concern
Briefly explain the following term: Karta
State True or False:
The maximum number of members is unlimited in Joint Hindu Family Firm.
Complete the sentence.
The property of JHF business is jointly owned by the ________
Explain the following term/concept:
Karta.
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.
The members of the Joint Hindu Family firm.
Give one word/phrase/term.
The members of the Joint Hindu Family firm.
