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Rani Abbakkadevi

In a Hindu Un...

Question

In a Hindu Undivided Family business only the _____ get a share in the business by virtue of their being part of the family.

A

Female members

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B

Male members

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C

Both (a) & (b)

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D

Either (a) or (b)

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Solution

The correct option is B Male members
In a Hindu Undivided Family business only the male members get a share in the business by virtue of their being part of the family. A Hindu Undivided Family is an extended family arrangement prevalent among Hindus of the Indian subcontinent. It came into existence as per Hindu Inheritance Laws of India.

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Q. In Hindu Undivided Family (HUF) from of business all the members of a Hindu undivided family own the business _______________.

Q. In HUF form of business all the members of a hindu undivided family own the business ________.

Q. State whether the following statements are True or False:
(a) A joint Hindu family business is the result of a contract between the members of the family.
(b) Every member of a joint Hindu family business is an agent of the firm.
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(d) Female members of a family do not have a share in the joint Hindu family business according to darabhaga
(e) A joint Hindu family business is not dissolved on the death of a member.

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