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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
Joint Hindu Family firm and Joint Stock company.
Distinguish between the following:
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.
Select the proper option from the options given below and rewrite the completed sentence.
The Karta in Joint Hindu family Business has ________ Liability.
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 senior most family member of joint Hindu family firm.
Distinguish between the following.
Joint Hindu family firm and Sole Trading concern
Distinguish between a Joint Hindu family business and partnership.
Complete the sentence.
The property of JHF business is jointly owned by the ________
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.
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’.
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?
