Explain the following term/concept: Karta. - Organisation of Commerce and Management

Question

Explain the following term/concept:

Karta.

Short Note

Solution

Karta is a senior most member of the family, who runs the Joint Hindu Family Business.
Karta has unlimited liability in such type of business.
Karta has the right to manage the business.
Karta need not consult anybody about business decisions.

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Hindu Undivided Family Business Or Joint Hindu Family Business

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Q 2. 6)Q 2. 5)Q 2. 7)

Chapter 4: Forms of Business Organisation - 1 - EXERCISE [Page 93]

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Balbharati Organisation of Commerce and Management (OCM) [English] 11 Standard Maharashtra State Board

Chapter 4 Forms of Business Organisation - 1
EXERCISE | Q 2. 6) | Page 93

RELATED QUESTIONS

Features of Joint Hindu Family Business

The Karta in a Joint Hindu family business has _______ liability

Co - operative Society Joint Hindu Family Firm

Features of Joint Stock Company?

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.
The Head of Joint Hindu family Business is called as ________.

Write a word or a phrase or a term which can substitute the following.
The senior most family member of joint Hindu family firm.

Distinguish between the following.
Joint Hindu family firm and Joint stock company

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:

Joint Hindu Family Firm.

Answer in brief.

State any four merits of the Joint Hindu Family Firm.