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Briefly explain the following term: Karta

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प्रश्न

Briefly explain the following term: Karta

संक्षेप में उत्तर
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उत्तर

The term karta is used for the head of a joint Hindu family who runs a family business. The karta of a Joint Hindu family is responsible for carrying out the business operations of the family business and exercising full control over the business. He is the eldest member of the family and has unlimited liabilities along with absolute decision-making powers.

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अध्याय 2: Forms of Business Organisation - Short Answer Questions [पृष्ठ ५६]

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एनसीईआरटी Business Studies [English] Class 11
अध्याय 2 Forms of Business Organisation
Short Answer Questions | Q 6.3 | पृष्ठ ५६

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संबंधित प्रश्न

Joint Hindu Family firm and Joint Stock company.


Define ‘Joint Hindu family business/firm’.


Merits and Demerits of Joint Hindu Family?


maximum number of members in a Joint Hindu Family firm is 20.


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 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.


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 Sole Trading concern


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


Complete the sentence.

The property of JHF business is jointly owned by the ________


Explain the following term/concept:

Joint Hindu Family Firm.


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.

  1. Find out the type of business.
  2. Who is Raghunath?
  3. What Kiran and Naman are called?

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.


In the Dayabhaga school, who can become a coparcener in a Hindu Undivided Family?


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