Question

state any 2 features of joint hindu family business

Answer 1

Decision making= The karta is the decision taker. No one can go against him.
Unlimited liability= The karta of this business has unlimited liability means his personal property is liable to pays liability

Answer 2

Answer:

Two features of joint Hindu Family business

a) Rights of Karta- The oldest male individual of the family is the Karta. Karta is responsible for managing and controlling all the business work. He has all the privilege to take decision without asking the other member of the family. Other members only can help or give advice which will be beneficial for the family.

b) Flexibility- In the joint family there is a big deal of flexibility in the family business work. The Karta can change the stream of the business or even he can close the business also. Others members are usually agree with the decisions because they know whatever the decisions are taken by Karta it will be good for the family.