Question

There is no limit for membership in Joint Hindu family Business. (State with reason whether the given statement is true or false)

Answer 1

This statement is True.


i. In Joint Hindu Family, all members born in the family become member of the family by birth and ceases to be a member by death. It is governed by the Hindu Succession Act, 1956.



ii. Thus, there is no specific number of members in a Joint Hindu Family business. Hence, there is no limit for membership in Joint Hindu Family business. 

Answer 2

Answer:

This statement is True.

Explanation:

There is no limit for membership in Joint Hindu Family Business.

i. In Joint Hindu Family, all members born in the family become member of the family by birth and ceases to be a member by death. It is governed by the Hindu Succession Act, 1956.

ii. Thus, there is no specific number of members in a Joint Hindu Family business. Hence, there is no limit for membership in Joint Hindu Family business.