Advertisements
Advertisements
Question
Justify the following statement.
Karta is the sole manager of ‘Joint Hindu Family Business’.
Advertisements
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.
APPEARS IN
RELATED QUESTIONS
Distinguish between the following:
Joint Hindu Family firm and joint stock company
Explain the features of a joint Hindu family firm.
Co - operative Society Joint Hindu Family Firm
Co - operative Society Joint Hindu Family Firm
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 ________
Select the proper option from the options given below and rewrite the completed sentence.
The Head of Joint Hindu family Business is called as ________.
Distinguish between the following.
Joint Hindu family firm and Joint stock company
Compare the status of a minor in a Joint Hindu family business with that in a partnership firm.
Briefly explain the following term: Karta
State True or False:
The liability of KARTA is unlimited.
State True or False:
Joint Stock company can raise huge amount of capital.
Complete the sentence.
The property of JHF business is jointly owned by the ________
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.
