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Answer in one sentence. What is Joint Hindu Family business?

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Question

Answer in one sentence.

What is Joint Hindu Family business?

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Solution

A joint Hindu Family is a form of business organization which runs from one generation to another according to the Hindu Law.

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Chapter 4: Forms of Business Organisation - I - EXERCISE [Page 92]

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Balbharati Organisation of Commerce and Management [English] Standard 11 Maharashtra State Board
Chapter 4 Forms of Business Organisation - I
EXERCISE | Q 1. H) 4) | Page 92

RELATED QUESTIONS

Joint Hindu Family firm and Joint Stock company.


Features of Joint Hindu Family Business


Define ‘Joint Hindu family business/firm’.


Explain the features of a joint Hindu family firm.


Merits and Demerits of Joint Hindu Family?


Select the proper option from the options given below and rewrite the completed sentence.
The members of Hindu Undivided family business are called ________


Write a word or a phrase or a term which can substitute the following.
The senior most family member of joint Hindu family firm.


Briefly explain the following term: Karta


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.


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?

Distinguish between.

Joint Hindu Family Firm and Joint Stock Company.


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.


How is membership in a Hindu Undivided Family acquired?


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