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Question
maximum number of members in a Joint Hindu Family firm is 20.
Solution
This statement is False.
In Joint Hindu Family, all members born in the family become member of the family by birth and ceases to be a member by death. It is governed by the Hindu Succession Act, 1956.
- Thus, there is no specific number of members in a Joint Hindu Family business.
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RELATED QUESTIONS
Define 'Joint Hindu family'.
The Karta in a Joint Hindu family business has _______ liability
Co - operative Society Joint Hindu Family Firm
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 Karta in Joint Hindu family Business has ________ Liability.
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 a Joint Hindu family business and partnership.
State True or False:
The maximum number of members is unlimited in Joint Hindu Family Firm.
State True or False:
Joint Stock company can raise huge amount of capital.
Answer in one sentence.
What is Joint Hindu Family business?
Study the following case situation and express your opinion:
Mr. Raghunath is running a business from the last 30 years. This business is ancestoral business of Mr. Raghunath. Kiran and Naman, two sons of Mr. Raghunath are helping him along with their wives.
- Find out the type of business.
- Who is Raghunath?
- What Kiran and Naman are called?
Distinguish between.
Joint Hindu Family Firm and Joint Stock Company.
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.
