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