What do you understand by ‘Karta’ in a Joint Hindu Family Business – InterviewSolution

1.	What do you understand by ‘Karta’ in a Joint Hindu Family Business?
Answer» The basis of membership is birth in HUF and three successive generations can be members in the business. All members have equal ownership right over the ancestral property, but the business is controlled by the head of the family, who is the eldest member. called ‘Karta’. Their liabilities are unlimited. That means their risk is well – defined and precise.

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