State four features of Joint Hindu Family Business. – InterviewSolution

1.

State four features of Joint Hindu Family Business.

Answer»

Following are four features of Joint Hindu family business:

The HUF business is governed by the Hindu Succession Act of 1956.
The business is controlled by the eldest member of the family, known as Karta.
The liability of Karta is unlimited.
There is no maximum limit to the number of members.

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