The most basic duty of a Karta is to provide food, shelter, clothing, etc. To the members of the joint family. His many responsibilities include: Maintenance: all coparceners, from the head of the family to the younger members, have the intrinsic right to maintenance.
What is the role of Karta in joint Hindu family business class 11?
A Karta is the head of the family who directs the affairs of the family and has decision-making powers on behalf of the HUF. A Karta is the most senior member of the family is like the manager of the joint Hindu family.
What is the position of Karta in HUF?
Under the Indian succession laws, a Hindu Undivided Family (HUF) consists of coparceners and members. The eldest coparcener of the HUF is the Karta of that family, who acts as the head and is responsible for managing its affairs, legal and financial.
What 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 becomes Karta in 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.
Who Cannot be a Karta?
2. Junior male member: In the presence of a senior male member, a junior male member cannot be the Karta. However, with the consent of all the coparceners, a junior male member can be appointed as a Karta.
Who can become a Karta?
In the case of Mrs Sujata Sharma vs Shri Manu Gupta & Ors [CS (OS) 2011/2006], the Delhi high court held that an eldest female member of a family, being the coparcener in an HUF, may become the karta of an HUF.
Can a female be a Karta?
This amendment has conferred equal property rights on daughters as well. Now the daughters by birth will acquire rights over coparcenary property. Earlier women were not included as coparcenary members, and according to the Hindu sages only a coparcener can become a karta, and therefore they could not be the Karta.
What are the qualities of Karta?
10 General Powers of a Karta of Hindu Joint Family
- (1) Power over income and expenditure:
- (2) Power to manage joint family business:
- (3) Power to contract debt for family purposes:
- (4) Power to Enter Into Contract:
- (5) Power to Refer to Arbitration:
- (6) Power to Enter Into Compromise:
- (7) Power to Give Discharge:
Can wife become Karta of HUF after death of husband?
It means they cannot become Karta as only coparceners are eligible to be Karta of HUF, but will get husband’s share in an estate after his death. However, wife can be the guardian of minors in HUF after husband’s death until the eldest child becomes a major.
What happens if Karta of HUF dies?
After the death of karta the property continues to be a property belonging to the HUF and since there is no partition of HUF and as the same can be sold jointly by all the surviving members of the HUF, So you can obtain a registered POA from others to sell the property which cannot be objected by the sub-registrar.
What is the main cause of decline in joint Hindu family business?
Explanation: Conflict or family quarrel has caused the breakdown of joint family system. Conflicts regarding family property, its income and expenditure, unequal distribution of work at home and personal clashes between women lead to the break-up of joint families.
What are the two schools of Hindu law?
The two major schools of Hindu law are as follows:
Mitakshara and Dayabhaga are the two important schools of Hindu Law which have given us the required information about the present legislated laws.
What are the features 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: …