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Question
The Hindu Undivided Family business is governed by ____________.
The Hindu Undivided Family business is governed by ____________.
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Solution
The correct option is B 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.
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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