Distinguish between joined Hindu family business …
CBSE, JEE, NEET, CUET
Question Bank, Mock Tests, Exam Papers
NCERT Solutions, Sample Papers, Notes, Videos
Posted by Aami George 4 years, 3 months ago
- 1 answers
Related Questions
Posted by Amandeep Kaur 4 months, 3 weeks ago
- 0 answers
Posted by Nikunj Mittal 4 months, 2 weeks ago
- 0 answers
Posted by Shally Sinha 4 months, 2 weeks ago
- 0 answers
Posted by Ranjit Verma 4 months, 2 weeks ago
- 0 answers
Posted by Pranav Damariya 4 months, 3 weeks ago
- 0 answers
Posted by Anishka Bephlawat 3 months, 4 weeks ago
- 0 answers
Posted by Sanya Miglani 4 months, 2 weeks ago
- 0 answers
myCBSEguide
Trusted by 1 Crore+ Students
Test Generator
Create papers online. It's FREE.
CUET Mock Tests
75,000+ questions to practice only on myCBSEguide app
Gaurav Seth 4 years, 3 months ago
Basis
Joint Hindu Family Business
Partnership
Formation
The business belongs to particular family and
Quite easy.
Membership
The basis of memership in the business is birth in a particular family.
Any person can became its member. Maximum —2 Maximum —10 Banking firms 20 other firms
Liability of Members
The liability of Karta is unlimited but the liability of members is limited.
Unlimited.
Management
The business is controlled by the head of the family who is the oldest member and is called Karta.
Managed by Partners.
Secrecy
Karta maintains secrecy.
Relatively maintained.
Suitability
It is a specific form of business fond only in India. It is a type of business which is owned and carried on by the members of HUF.
For small and medium sized business.
Act
It is governed by the Hindu law.
It is governed by Partnership Act 1932.
2Thank You