what do you mean by h.u.f...???
In this the male head of family is the karta who is responsible for activities happening in the business.
Hindu Undivided Family it is a private form of public sector enterprises.A joint hindu family Business refers to business which is owned by the members of a Joint Hindu Family.
It is Hindu undivided family this business is mostly popular in India. Which formed under the Hindu act 1956.in this all the management decision taken by the head called karta.this is of two types mitakshara and dayabagha
It's also called Hindu undivided family. it is formed under Hindu secession act 1956. It is controlled by head of the family known as karta
AHindu Undivided Family (HUF)
means a body consisting of persons
linearly descendant from a common
ancestor. This includes their wives
and unmarried daughters, who are
staying together jointly.
A HUF can consist of a very large
number of members including female
members as well as distant blood
relatives in the male line. However,
out of this, coparceners are only
those males who are within 4
degrees in lineal descendent from
the common male ancestor . The
daughters cease to be a member of
their father's HUF on their marriage.
Hindu undivided family
hindu undivided family