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Business Studies

Features and Types of Co-Operative Societies

Which of thes...

Question

Which of these is not true _________.

A

In JHF a karta has unlimited liabilities

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B

Joint Hindu Family business is covered by Hindu law

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C

A minor cannot be a member of Joint Hindu family business

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D

In Joint Hindu family all the powers are vested in the karta

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Solution

The correct option is C A minor cannot be a member of Joint Hindu family business
The basis of membership in business is birth in a particular family. As soon as a child (boy or girl) born into the family, he becomes a member and ceases to be a member by death. Hence, there is no age limit for membership in Joint Hindu Family business.

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Similar questions

The karta in Joint Hindu family business has

(a) Limited liability

(b) Unlimited liability

(c) No liability for debts

(d) Joint liability

Q. Fill in the blanks:
(a) The membership of a joint Hindu family business is acquired by _______.
(b) The liability of the Karta in a joint Hindu family business is _______.
(c) A member of the joint Hindu family business _______ demand division / of property.
(d) All the members of a joint Hindu family business_________ part in its management.
(e) A member of the joint Hindu family business________ call for account of past profits while leaving the business.

Q. What is the liability of Karta in Joint Hindu Family Business?

Q. The 'karta' in Joint Hindu family business has ________________.

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.
(c) There is no limit on the number of members in a joint Hindu family business.
(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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