Answer in Brief · Q11
Q.Who is a Karta in a Joint Hindu Family Business, and what is the extent of the Karta's liability?
Maharashtra MsbshseTextbookSubjectiveImportance★★★★★est
33% · 4/12 Questions
You're viewing a preview — the full solution, concept, methods & PYQ mapping are locked.
Start your 14-day free trial to unlock the full solution →The Karta is the head and manager of a Joint Hindu Family Business — traditionally the senior-most male member of the family, though Indian law now also recognises a daughter, as a coparcener in her own right, as eligible to become Karta. The Karta alone has the authority to manage the business and to contract on the family's behalf; ordinary coparceners have no independent right to manage. …
Unlock everything free for 14 days
- Full step-by-step solutions
- Concept-first explanations
- Methods, shortcuts & mistakes
- PYQ mapping + timed mock tests
Full access for 14 days. No credit card required.