The karta in Joint Hindu family business has ........

Business Studies(11th) Chapter-2 Forms of business organization

Download Solution PDF

The karta in Joint Hindu family business has

Limited liability

Unlimited liability

No liability for debts

Joint liability

छोटे Courses बड़े Results

Master Chapter-2 Forms of business organization

Prepare through Micro-courses

Try Now

Explanation:

The karta is the eldest male member of a Joint Hindu family who is responsible for decision making in the family business. He needs no permission from the coparceners (joint heirs) before taking any action. Since the karta has complete control over the business, his liability is unlimited. On the other hand, the liability of all coparceners is limited to their share in the family business.