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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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Joint Hindu Family firm and Joint Stock company.
Features of Joint Hindu Family Business
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Co - operative Society Joint Hindu Family Firm
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 ________
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Joint Hindu family firm and Joint stock company
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:
Karta.
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.
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?
How is membership in a Hindu Undivided Family acquired?
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?
