Hindu Undivided family is formed or created in accordance with the __________.

Indian Companies Act

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Indian Partnership Act

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Hindu Law

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None of the above

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Solution

The correct option is D Hindu Law
HUF refers to a form of organisation wherein the business is owned and carried on by the members of the Hindu Undivided Family (HUF). It is governed by the Hindu Law. The basis of membership in the business is birth in a particular family and three successive generations can be members in the business.

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