Question

The karta in Joint Hindu family business has
(a) Limited liability
(b) Unlimited liability
(c) No liability for debts
(d) Joint liability

Answer 1

Answer:

Among the given options option (b)  UNLIMITED LIABILITY is the correct answer.  

The karta in Joint Hindu family business has Unlimited liability .

Explanation:

Karta is the senior member of the family who runs the business. Karta is in full control of finance. According to Hindu succession Amendment Act 2005 , a female can also be member and Karta. The karta is free to take on important decisions of the family business. The Karta has none to consult , none to call and approve

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Answer 2

unlimited liability

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