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Question
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?
Solution
- Joint Hindu Family Firm.
- Raghunath is the Karta.
- Kiran and Naman are called as co-parceners.
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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
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 Karta in Joint Hindu family Business has ________ Liability.
Distinguish between the following.
Joint Hindu family firm and Joint stock company
Write short note on the following.
Features of Joint Hindu family.
Distinguish between a Joint Hindu family business and partnership.
State True or False:
The liability of KARTA is unlimited.
Correct the underlined word and rewrite the following sentence.
In Joint Hindu Family business, the senior most member of family is called as Co-parcener.
Explain the following term/concept:
Joint Hindu Family Firm.
Explain the following term/concept:
Karta.
Answer in brief.
State any four merits 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.
Give one word/phrase/term.
The members of the Joint Hindu Family firm.
