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Question
Explain the following term/concept:
Joint Hindu Family Firm.
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Solution
- It is a form of business organization which is carried from one generation to another generation.
- It comes into existence by the operation of Hindu Law.
- This form organization is found in India only.
- The senior most member of the family is called ‘Karta’ while other members are called ‘Co-parceners’.
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RELATED QUESTIONS
Joint Hindu Family firm and Joint Stock company.
Features of Joint Hindu Family Business
The Karta in a Joint Hindu family business has _______ liability
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.
Limited managerial skill is the ________ of Joint Hindu family business.
Select the proper option from the options given below and rewrite the completed sentence.
The Karta in Joint Hindu family Business has ________ Liability.
Write short note on the following.
Features of Joint Hindu family.
State True or False:
The liability of KARTA is unlimited.
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?
Answer in brief.
State any four merits 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.
In the Dayabhaga school, who can become a coparcener in a Hindu Undivided Family?
Which feature of JHFB is illustrated by the infographic showing “Joint Ownership” by Karta and coparceners?
