write four features of the joint hindu family business. This is a 4 marks question ans should be verified .
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Governed by Hindu Law: The business of the Joint Hindu Family is controlled and managed under the Hindu law. ...
Management: ...
Membership by Birth: ...
Liability: ...
Permanent Existence: ...
Implied Authority of Karta: ...
Minor also a Partner: ...
Dissolution
Explanation:
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1. there should atlast two male members in the family to form of HUF .
2. Ancestral property should have been inhydrated in the members of HUF .
3. All of the members enjoy this property and have equal share in that property .
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