Q.7) How many categories was of Hindu undivided family business
b) two
a) three
d) four
c) one
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Answer:
b) two
Explanation:
The two types are as follows:
1) Mitakashara
2) Dayabhaga
On Dec. 2004 a bill was passed in Parliament to amend The Hindu Succession Act. In this amendment women are given equal rights in Joint Hindu Family Business. This bill was passed to remove the discrimination as contained in Sec. 6 of the Hindu Succession Act, 1956 by giving equal rights to daughters as the sons have. Now as per Mitakashara as well as Dayabhaga female can become co-partners as well like male members of Joint Hindu Family.
Hope this helps :D
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