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Maximum Number of Members in a Joint Hindu Family Firm is 20. - Organisation of Commerce and Management

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Question

maximum number of members in a Joint Hindu Family firm is 20.

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Solution

This statement is False.

In Joint Hindu Family, all members born in the family become member of the family by birth and ceases to be a member by death. It is governed by the Hindu Succession Act, 1956.

 

  1. Thus, there is no specific number of members in a Joint Hindu Family business. 
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2016-2017 (July) Set 1
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