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प्रश्न
Answer in brief.
State any four merits of the Joint Hindu Family Firm.
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उत्तर
Merits of Joint Hindu Family are as follows:
- Easy Formation: Joint Hindu Family Firm can be easily formed. The formation is simple. Registration is also not compulsory. There is no limit on minimum or maximum members in the business. Family members become coparceners by birth in the family.
- Quick Decision: Only the Karta is involved in the decision making process. This helps to make quick decisions in business. If decisions are taken quickly there can be prompt actions.
- Business Secrecy: Complete business secrecy can be maintained. All decisions are taken by Karta only. Coparceners cannot even inspect books of accounts. There is no compulsion to publish books of accounts.
- Co-parceners Liability: The liability of co-parceners is limited. It is to the extent of their share in Joint Family Business. Private property of co-parceners cannot be attached to business property.
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संबंधित प्रश्न
Co - operative Society Joint Hindu Family Firm
Merits and Demerits of Joint Hindu Family?
maximum number of members in a Joint Hindu Family firm is 20.
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 members of the Joint Hindu family firm.
Distinguish between the following.
Joint Hindu family firm and Sole Trading concern
Compare the status of a minor in a Joint Hindu family business with that in a partnership firm.
Briefly explain the following term: Karta
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.
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?
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.
Which feature of JHFB is illustrated by the infographic showing “Joint Ownership” by Karta and coparceners?
