Question

State with reasons whether the following statement true or false.
There is no limit for membership in Joint Hindu family Business.

Options

• True 

• False 

Answer 1

There is no limit for membership in Joint Hindu family Business: True
Explanation: In a joint family business, each member of the family becomes a coparcener in the business by virtue of his or her birth. No agreement is required to become the member of the business. Thus, there is no limit for membership in Joint Hindu family Business.