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

I think it is true.

Answer 2

Answer: False

According to the Joint Hindu Family type of business, the firm is inherited by the first male within the subsequent three generations of the head of the family.

Thus, one can become a member only by being a male Hindu born into the family. If he is the member of the particular business family he can join the family business too.

The joint family business can enclose many number of family members decided by the karta of the business.

Thus, membership is not limited in these businesses.