Question

5) By what name is the head of Hindu undivided family know?​

Answer 1

Answer:

The head of a HUF is called the Karta, he is the senior-most male member of the family

Answer 2

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Kartha

Explanation:

The Hindhu Undivided Family Business is controlled by the head of the family who is the eldest member and is called Kartha.

All members have equal ownership rights over the property of an ancestor and they are known as Co-parceners.

Joint Hindhu Family Business :

It is a specific form of business organisation found only in india. It is one of the oldest forms of business organisation. It is carried on by the members of The Hindhu Undivided Family. It is governed by the Hindu Law.

Features of Joint Hindhu Family Business :

• Formation

• Liability

• Control

• Continuity

• Minor Members

• Loyalty and Co-operation

• Limited liability of members

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