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प्रश्न
Write short note on the following.
Merits of Joint Hindu family
उत्तर
Merits of a joint Hindu family business:
i. Easy formation: The formation of a joint Hindu family business requires the existence of ancestral property, with at least two
members. It is governed by the Hindu Succession Act 1956 and does not require any agreement.
ii. Continuity: The continuity of a joint Hindu family business remains unaffected by the death of the Karta.
iii. Quick decision making: Complete control by the Karta enables proper administrative functioning and quick decision
making.
iv. Greater cooperation: As the business is run by the members of a family, there exists greater cooperation and loyalty.
v. Secrecy: As all the decisions are taken by the Karta, secrecy of information is maintained among the family members.
vi. Limited liability: The liability of all members or co-partners (except the Karta) is limited to the extent of their share in the
business.
APPEARS IN
संबंधित प्रश्न
State Whether the Following Statement Are True Or False (Give Reason)
Division of work is not required in organising a function.
Select the proper option from the options given below and rewrite the completed sentence.
From the point of continuity ________ business organizations is the most suitable.
Write a word or a phrase or a term which can substitute the following.
An elected body of representatives of a co-operative organization for its day-to-day administration.
Write a word or a phrase or a term which can substitute the following.
The rules and regulations laid down by the managing committee of a co-operative organization.
Write short note on the following.
Merits of Joint stock company.
State with reasons whether the following statement true or false.
There is no limit for membership in Joint Hindu family Business.
State with reasons whether the following statement true or false.
The maximum number of members in a Joint Hindu family is 20.
State with reasons whether the following statement true or false.
In partnership agreement may be oral or written.
State with reasons whether the following statement is true or false.
Sole Proprietorship is useful for small business.
State with reasons whether the following statement is true or false.
A sole trading concern is easiest to form.
Write short answer of the following.
State the types of partnership firm.
Write short answer of the following.
State the merits of partnership firm.
Long answer type question.
Define partnership firm. Explain its merits and demerits.
Long answer type question.
Define a Joint Hindu family firm. Explain its merits and demerits.
Long answer type question.
Define a Joint Hindu family firm. Explain features of joint Hindu family firm.
Long answer type question.
Define Co-operative society. Explain its features.
Distinguish between: Partnership Firm and Joint-stock Company
Why is it important to choose an appropriate form of organisation?
Discuss the factors that determine the choice of form of organisation.
