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Question
Justify the following statement.
Karta is the sole manager of ‘Joint Hindu Family Business’.
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Solution
- The Karta is the eldest or senior most person in the family business.
- A Karta has unlimited liability.
- He has the entire decision making power and he is not binding on the views of the co-parceners.
- Thus, Karta is the sole manager of the Joint Hindu Family business.
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RELATED QUESTIONS
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The Karta in a Joint Hindu family business has _______ liability
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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.
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State True or False:
Joint Stock company can raise huge amount of capital.
Answer in one sentence.
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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.
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The members of the Joint Hindu Family firm.
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The members of the Joint Hindu Family firm.
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The members of the Joint Hindu Family firm.
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The members of the Joint Hindu Family firm.
How is membership in a Hindu Undivided Family acquired?
