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Question
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?
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Solution
- Joint Hindu Family Firm.
- Raghunath is the Karta.
- Kiran and Naman are called as co-parceners.
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RELATED QUESTIONS
Joint Hindu Family firm and Joint Stock company.
Features of Joint Hindu Family Business
Distinguish between the following:
Joint Hindu Family firm and joint stock company
The Karta in a Joint Hindu family business has _______ liability
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 Karta in Joint Hindu family Business has ________ Liability.
Write a word or a phrase or a term which can substitute the following.
The members of the Joint Hindu family firm.
State True or False:
The maximum number of members is unlimited in Joint Hindu Family Firm.
Complete the sentence.
The property of JHF business is jointly owned by the ________
Answer in one sentence.
What is Joint Hindu Family business?
Explain the following term/concept:
Karta.
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.
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?
How is membership in a Hindu Undivided Family acquired?
