Justify the following statement. Karta is the sole manager of ‘Joint Hindu Family Business’. - Organisation of Commerce and Management

Question

Justify the following statement.

Karta is the sole manager of ‘Joint Hindu Family Business’.

Short Note

Solution

The Karta is the eldest or senior most person in the family business.
A Karta has unlimited liability.
He has the entire decision making power and he is not binding on the views of the co-parceners.
Thus, Karta is the sole manager of the Joint Hindu Family business.

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Hindu Undivided Family Business Or Joint Hindu Family Business

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Q 6. 2)Q 6. 1)Q 6. 3)

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 6. 2) | Page 93

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Select the proper option from the options given below and rewrite the completed sentence.
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The maximum number of members is unlimited in Joint Hindu Family Firm.

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Joint Hindu Family Firm and Joint Stock Company.