Question

state any two features of Hindhu undivided family business
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Answer 1

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➠Features of a HUF

ʟɪᴀʙɪʟɪᴛʏ: ᴛʜᴇ ʟɪᴀʙɪʟɪᴛʏ ᴏғ ᴀʟʟ ᴛʜᴇ ᴠᴀʀɪᴏᴜs ᴄᴏ-ᴘᴀʀᴄᴇɴᴇʀs ɪs ᴏɴʟʏ ᴜᴘ ᴛᴏ ᴛʜᴇɪʀ sʜᴀʀᴇ ᴏғ ᴛʜᴇ ᴘʀᴏᴘᴇʀᴛʏ ᴏʀ ʙᴜsɪɴᴇss. sᴏ ᴛʜᴇʏ ʜᴀᴠᴇ ʟɪᴍɪᴛᴇᴅ ʟɪᴀʙɪʟɪᴛʏ. ʙᴜᴛ ᴛʜᴇ ᴋᴀʀᴛᴀ ʙᴇɪɴɢ ᴛʜᴇ ʜᴇᴀᴅ ᴏғ ᴛʜᴇ ʜᴜғ ʜᴀs ᴜɴʟɪᴍɪᴛᴇᴅ ʟɪᴀʙɪʟɪᴛʏ. ᴄᴏɴᴛʀᴏʟ: ᴛʜᴇ ᴇɴᴛɪʀᴇ ᴄᴏɴᴛʀᴏʟ ᴏғ ᴛʜᴇ ᴇɴᴛɪᴛʏ ʟɪᴇs ᴡɪᴛʜ ᴛʜᴇ ᴋᴀʀᴛᴀ.

Answer 2

answer

Formation: To begin a Hindu Undivided Family there must be a minimum of two related family members. ...

Liability: The liability of all the various co-parceners is only up to their share of the property or business. ...