wiz-icon
MyQuestionIcon
MyQuestionIcon
5
You visited us 5 times! Enjoying our articles? Unlock Full Access!
Question

An Indian citizen cannot make ____ form of organization in America.

A
HUF
Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses
B
Partnership
No worries! We‘ve got your back. Try BYJU‘S free classes today!
C
Company
No worries! We‘ve got your back. Try BYJU‘S free classes today!
D
Society
No worries! We‘ve got your back. Try BYJU‘S free classes today!
Open in App
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.

flag
Suggest Corrections
thumbs-up
0
Join BYJU'S Learning Program
similar_icon
Related Videos
thumbnail
lock
The Two Houses
CIVICS
Watch in App
Join BYJU'S Learning Program
CrossIcon