Business Studies, asked by snt940, 2 months ago

Hindu Undivided Family consisting of 11 major members & 2 minor members, carries on a family

business of banking.

1. Can they do so?

2. Can such members be called Partners?​

Answers

Answered by akashfd3
0

Answer:

Part (a) Section to which the given! problem relates: Section 11 of the Companies Act, 1956. Decision: Reason The statutory limit of 10 persons does not apply to a joint family Part(b) Section to which the given problem relates: Section 5. Decision:

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