joint Hindu family business with method and methology
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Answer: Joint Hindu Family business is governed by Hindu Law. All business affairs are dealt with by the senior most male member of the Hindu family. This member is referred to as Karta. The Karta can consult other family members regarding decisions to be taken, but the final decision is his.
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Joint hindu family business is a specific form of business organisation found only in India. It is one of the oldest forms of business organisation in the country. It refers to a form of organisation wherein the business is owned and carried on by the members of the Hindu Undivided Family (HUF).It is governed by the Hindu Law .
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