Your question: What is the concept of joint Hindu family?

Joint family is a fundamental aspect of Hindu Law in which the concept of joint family is where their common ancestor and his male lineal descendants along with other members such as wives, daughters, unmarried persons who stay together under one roof sharing everything in common.

What is the concept of joint family?

The joint family is an extension of the nuclear family (parents and dependent children), and it typically grows when children of one sex do not leave their parents’ home at marriage but bring their spouses to live with them. …

What is joint family according to Hindu law?

A HUF or Hindu Undivided Family (HUF) consists of all person lineally descended from a common ancestor and includes their wives and unmarried daughters. Usually, a joint Hindu family would consist of a male Hindu, his wife and his unmarried daughters.

What are the characteristics of joint Hindu family?

Characteristics of a Joint Hindu Family Business:

  • Governed by Hindu Law: The business of the Joint Hindu Family is controlled and managed under the Hindu law.
  • Management: …
  • Membership by Birth: …
  • Liability: …
  • Permanent Existence: …
  • Implied Authority of Karta: …
  • Minor also a Partner: …
  • Dissolution:
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What do you mean by joint Hindu family explain two features?

It is controlled by the head of the family known as the karta and the other family members are known as the co-parceners. The karta has unlimited liability. A person becomes a member of HUF by birth. Even a minor is its member. Also a female member can also become its Karta.

What is the importance of joint family?

Joint family helps foster love within a family so that people can be closer to each other for the good of the family. It also helps foster unity as living together means that they have to work together with the goal of a sustainable coexistence.

What are the advantages of joint family?

8 Advantages of Living in a Joint Family

  • A child is Never Lonely. …
  • Happiness Doubles. …
  • You Learn The Art of Sharing. …
  • You Learn to Respect. …
  • Education Beyond Books. …
  • Love and Care. …
  • The Feeling of Togetherness. …
  • One Becomes Socially Adept.

Is Hindu joint family Natural?

A Joint Hindu Family is neither a corporation nor a juristic person as they do not have a separate legal entity from that of its members, as held in the case of Chhotey Lal and Others v. … It is a unit and is represented by the Karta of the family in all matters.

What are the types of joint family?

According to Gore, joint family is of three types:

  • Filial joint family (parents and their married sons with their offspring),
  • Fraternal joint family (two married brothers and their children) and.
  • Filial and fraternal (combined) joint family.
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Why is the joint Hindu family unique?

Joint Hindu Family Firm is created by the operation of law. It does not have any separate and distinct legal entity from that of its members. The business of Joint Hindu Family is controlled under the Hindu Law instead of Partnership Act.

Who becomes Karta in joint Hindu family?

The senior-most male member of the Joint Hindu Family is considered as the Karta of family and he has infinite powers and control over the business. But the main drawback is the unlimited liability associated with the position i.e. his personal assets can be used to payoff the debts, if need arises.

Who control the joint Hindu family?

❥ It is administered by the Hindu Law. The source of membership in the company is birth in a family and 3 consecutive generations can be members of the company. The business is managed by the head of the family (eldest member) and he is called Karta.

What are the advantages of joint Hindu family business?

Merits of Joint Hindu Family Firm:

  • Stability: The existence of the Joint Hindu Family firm does not come to an end by the death, insanity, or bankruptcy of any coparcener.
  • Management: The organisation, management, and control of the business is vested in the karta of the family. …
  • Liability: …
  • Membership: …
  • Credit worthiness:
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