Question

Who controls the joint Hindu family business?
In a co-operative society,the principle followed is

Answer 1

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Who controls the joint Hindu family business:-

It is administered by the Hindu Law. The source of membership in the company is birth in a family and 3 consecutive generations can be members of the company. The business is managed by the head of the family (eldest member) and he is called Karta.

In a co-operative society,the principle followed is:-

A cooperative society is theassociation of people who united voluntarily to meet their economic, cultural and social needs. Decision making in this society takes place by following the main principle i.e. "One man, One vote".

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