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प्रश्न
Distinguish between a Joint Hindu family business and partnership.
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उत्तर
|
Basis of difference |
Joint Hindu Family Business |
Partnership |
|
Governance |
Governed by the Hindu law. |
Governed by Partnership Act, 1932. |
|
Liability |
The head has unlimited liability, while the liabilities of other members are limited to the extent of their share in the business. |
All the partners have unlimited liability. |
|
Decision making and control |
The karta is responsible for the management and control of the business. |
All the partners jointly manage and control the firm. |
|
Number of members |
Minimum: 2 Maximum: No limit |
Minimum: 2 Maximum: 10 for the banking business and 20 for other businesses |
|
Minor |
Minors can be members. |
Minors cannot be members. |
APPEARS IN
संबंधित प्रश्न
Features of Joint Hindu Family Business
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 Head of Joint Hindu family Business is called as ________.
Distinguish between the following.
Joint Hindu family firm and Joint stock company
Briefly explain the following term: Karta
State True or False:
Joint Stock company can raise huge amount of capital.
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?
Distinguish between.
Joint Hindu Family Firm and Joint Stock Company.
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.
How is membership in a Hindu Undivided Family acquired?
Which feature of JHFB is illustrated by the infographic showing “Joint Ownership” by Karta and coparceners?
