A minor is a member of a joint family firm from the _________ by virtue of his status, but he is not personally liable.

Very day of his birth

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Day he becomes major

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Day he complete

21

years

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None of the above

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Solution

The correct option is A Very day of his birth
Hindu Joint family business are the type of business which are run by the members of a joint family under Hindu Succession Act, 1956 to achieve common goals.
A minor member of the family becomes the member of the joint family business from the day of his birth and has his share in the profits of the business but however they are not liable for the losses of the company.

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