Give the meaning of joint Hindu family business
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it is type of organization in which all the members of Hindu Undivided Family manage and control the business with the direction of head of the family..
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Answer: The meaning of joint Hindu family business is :
Explanation:
The joint Hindu family business is a type of business under which the whole family is into the business. Tt is only found in India the business is run by the head of the family under which every family member can work. It is a partnership but not like a partnership, it's between the family members.
Joint Hindu family business came into existence by the operation of Hindu law. Wherever there is an undivided Hindu family, there is a possibility of joint Hindu family business.
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