The members of the Joint Hindu family firm. Answer in a word / phrase / term.
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co-parcener
The members of the Joint Hindu family firm co-parcener .
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The members of the Joint Hindu family firm are called co-parcener.
Explanation:
- The 'Joint Hindu family firm' is very famous in India.
- The Business of Hindu dying intestate is inherited after his death by his coparceners and is 'managed by the Karta' of the family for his own benefit and also for the benefit of other coparceners.
- The liability of the coparceners other than the Karta remains restricted to the enlargement of their share in the combined family assets.
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