Question

The persons who have an equal ownership right over the property of the ancestor are known
as
a. Karta
b. Coparceners
C. members
d. Shareholders​

Answer 1

Answer:

b ) Co-parceners

Explanation:

The persons who have an equal ownership right over the property of the ancestor are known as Co-parceners.

Joint Hindhu Family Business :

Joint Hindhu Family Business is a specific form of business organisation found only in india. It is one of the oldest forms of business organisation in the country. It refers to the form of organisation wherein the business is owned and carried on by the members of the Hindhu Undivided Family (HUF). It is governed by The Hindhu Law.

Features of Joint Hindhu Family Business :

• Formation

• Liability

• Continuity

• Minor Members

• Loyalty and Co-operation

• Control

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