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Question
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.
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Solution
In Joint Hindu Family business, the senior most member of family is called as Karta.
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RELATED QUESTIONS
The Karta in a Joint Hindu family business has _______ liability
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 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.
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
Distinguish between the following.
Joint Hindu family firm and Joint stock company
Briefly explain the following term: Karta
State True or False:
The liability of KARTA is unlimited.
Answer in one sentence.
What is Joint Hindu Family business?
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.
- Find out the type of business.
- Who is Raghunath?
- What Kiran and Naman are called?
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.
Who manages and leads the Joint Hindu Family Business?
In the Dayabhaga school, who can become a coparcener in a Hindu Undivided Family?
What is the main disadvantage of JHFB shown in the notes?
Which feature of JHFB is illustrated by the infographic showing “Joint Ownership” by Karta and coparceners?
