Business Studies, asked by keshavkanwali, 3 months ago

rights ,merits,limitation features of joint hindu family business

Answers

Answered by raghvendrark500

1

The HUF business does not require any agreement or documentation as membership is by birth. It is governed by the Hindu Succession Act, 1956. Liability: The liability of all members except the karta is limited to their share of the co-coparcenary property of the business. Thus their liability is limited.

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