Question

Q4. Mr. Sumit Grover owns as ancestral house in Goa. On the advise of his friend, he
converted it into a hotel after renovation. The hotel was running smoothly and revenue
from the hotel helped to increase his income. On his death the property (hotel) was
inherited by his three sons. Eldest son-Raj, Second-Sameer and Youngest son-Rahul
who continued the business as Joint Hindu Family Business.
(i) Name the law which govern the Joint Hindu Family Business.
(2)
(ii) Who among the three brothers has right to control the business.​

Answer 1

(i) Hindu law
(ii) eldest - raj(karta)

Karta is the person who is the head and eldest member of the family ans has full control over business activities.

Answer 2

Answer:

(i) Hindu Succession Act 1956

(ii) Eldest son Raj has right to control the business as he will be called as Karta.

(iii) Raj, i.e., Karta will have unlimited libility. Sameer and Rahul will have Limited Liability

Explanation: