Who is karta/businesses studies 1st pu
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Karta means manager of joint family and joint family properties. He is the person who takes care of day to day expenses of the family looks after the family and protects the joint family properties.
t is a presumption that ordinarily senior most male member is the Karta and Karta is always a member in the family no outsider or stranger can become a Karta.
The senior most male member so long as he is alive may be, aged, infirm or ailing continues as Karta. By his death Kartaship will pass on to next senior most male member.
In the presence of senior most male member a junior cannot act as Karta but if all coparcener agree, a junior also can become a Karta.
Karta owes his position by consent or agreement of all coparceners.
Generally female member cannot become Karta but in exceptional circumstances female also can act as Karta.
Hope its useful ..!!!!!
t is a presumption that ordinarily senior most male member is the Karta and Karta is always a member in the family no outsider or stranger can become a Karta.
The senior most male member so long as he is alive may be, aged, infirm or ailing continues as Karta. By his death Kartaship will pass on to next senior most male member.
In the presence of senior most male member a junior cannot act as Karta but if all coparcener agree, a junior also can become a Karta.
Karta owes his position by consent or agreement of all coparceners.
Generally female member cannot become Karta but in exceptional circumstances female also can act as Karta.
Hope its useful ..!!!!!
sujiritha95:
pls mark it as brainliest answer
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hey mate here is your answer
if we gonna talk about Hindu undivided family the this term karta is a very important part of it.
karta is the one who manages and who is said to be the owner of the business in a way.
karta is not selected or elected, the most elder person in the family is said to be as karta.
Any important transactions or deals held in the business will must need the permission of karta, it can't be done without the approval of karta.
karta has unlimited liability and rest member have limited.(unlimited liability---> if the credit amount is not fulfilled by the business property then the creditors can use the personal property too to recover their amount)
if we gonna talk about Hindu undivided family the this term karta is a very important part of it.
karta is the one who manages and who is said to be the owner of the business in a way.
karta is not selected or elected, the most elder person in the family is said to be as karta.
Any important transactions or deals held in the business will must need the permission of karta, it can't be done without the approval of karta.
karta has unlimited liability and rest member have limited.(unlimited liability---> if the credit amount is not fulfilled by the business property then the creditors can use the personal property too to recover their amount)
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