what is joint hindu family business
Answers
Answered by
1
joint Hindu family business it refers to that business organisation under which all members of joint Hindu family carry a business under the control of Mukhiya or karta of the family karta is the eldest member of the family . In this the other members of the family work under the control and guidance of the karta. as far as liability is concerned leaving the karta alone all have only the limited liability the unlimited liability vested in the kurta inspiring to take the proper decision this type of business organisation is run only in India and as it is the name indicates only the Hindus can establish such business. joint Hindu family business is governed by Hindu law. also joint Hindu family business is the oldest form of business organisation sum of its features are like operation according to Hindu law second Management by karta etc.
Similar questions