Define a Joint Hindu family firm. Explain features of joint Hindu family firm.

Business Studies Secondary School in Business Studies 1 year ago

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FAMILY or UNDIVIDED family is an extended family arrangement prevalent throughout the Indian subcontinent, particularly in INDIA, consisting of many generations living in the same household, all bound by the common relationship.The main characteristics of Joint Hindu Family Business are given below:Governed by Hindu LawManagementMembership by BirthLiabilityPermanent ExistenceImplied Authority of KartaMinor ALSO a PartnerDissolutionI hope it is HELPFUL for you

Posted on 07 Sep 2024, this text provides information on Business Studies related to Secondary School in Business Studies. Please note that while accuracy is prioritized, the data presented might not be entirely correct or up-to-date. This information is offered for general knowledge and informational purposes only, and should not be considered as a substitute for professional advice.

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