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Question
An Indian citizen cannot make ____ form of organization in America.
An Indian citizen cannot make ____ form of organization in America.
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Solution
The correct option is A HUF
Hindu family business is a business which is registered under Hindu Succession Act. It is owned and managed by karta, the head of the family and the other members of the business are its coparceners. Such a business cannot be carried on in America because it requires many legal formalities and registrations to carry business in America. Hence, an Indian citizen cannot make HUF form of organisation in America.
Hindu family business is a business which is registered under Hindu Succession Act. It is owned and managed by karta, the head of the family and the other members of the business are its coparceners. Such a business cannot be carried on in America because it requires many legal formalities and registrations to carry business in America. Hence, an Indian citizen cannot make HUF form of organisation in America.
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