Write any 3 features of HUF?

1.	Write any 3 features of HUF?
Answer» 1. Governed by Hindu Law : The business of the Joint Hindu Family is controlled and managed under the Hindu law. 2. Membership by Birth : The membership of the family can be acquired only by birth. As soon as a male child is born in the family, that child becomes a member. 3. Liability : Except the Karta, the liability of all other members is limited to their shares in the business.

Answer»

1. Governed by Hindu Law : The business of the Joint Hindu Family is controlled and managed under the Hindu law.

2. Membership by Birth : The membership of the family can be acquired only by birth. As soon as a male child is born in the family, that child becomes a member.

3. Liability : Except the Karta, the liability of all other members is limited to their shares in the business.

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Write any 3 features of HUF?

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