Question

Write down features of JHF

Answer 1

$\huge\mathfrak{Answer:}$

Features are as follows :-

• Formation
• Registration
• Membership
• Management
• Liability
• Sharing of Profits and Losses
• Legal Status
• Partition
• Continuity and Stability
• Conduct of Business
• Rights of Karta
• Dissolution
• Flexibility
• Business Secrecy
• Credit Standing

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Answer 2

ANSWER



I THINK JHF STANDS FOR JOINT HINDU FAMILY

CHARACTERISTICS FEATURES OF JHF
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*. it is Governed by Hindu Law
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*Dayabhaga, and Mitakshara

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membership the family can be acquired only by birth. 

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*liability of all other members is limited to their shares in the business
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It is very easy to start the Joint Hindu Family Business. 
*
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