wyecanters FinancesHeatthicsue iad a or [oltagehome General saniee, providers 8% Rn Demeetcviclonce 10% ‘AlzheimerDDementia ee General inquiry 3% Medicstemergency en THE HINDU - JOURNEY OF FIVE GENERATIONS ’ * Hindu joint family Karta 1. Karta is the senior most male member of the family 2.0nly the Karta has the right to manage the property and business of the HUE. 3. Karta can enter into contmet on behall of the UE and bind alll the members to the extent of their share in the property Amesiness 1. B the copareeners so desire, all the coparceners and Karta may authorize any one or more adult wa) = 1990 ace prawn NDIA CHINA Pores Pets 3.89 [f aoe 5.78, 405% + 5. 5; * 297. 2035 ace preawo 915% (ows I 19:46,Hindu Undivided Family Business + The Hindu Undivided Family Firm is a form of business organisation in which the family. possesses some inherited property and the ‘Karta’, the head of the family manages its affairs. Forms of Business Organisation JOINT HINDU FAMILY BUSINESS Comes into existence as per the Hindu Inheritance Act of India This form of business found only in India All members of the Hindu Undivided Family(HUF) own the business jointly The affairs of the business are managed by head of the family called “Karta”. All other members are called ““Co-parceners” Public Se Private Sector Individual Ownership] Soop onaersip ‘en 2.Gov J 45a Sole Tradership | Joint Hindu Family 2.Partuership Firm 3 Company 4.Co-operstive Society ecnment Departmental Organisation soument Company ttory Corporation ory Board or CommissionFamily Business Succession and Growth Presented b | Ft agrawal 26) Pal ana 8) tne ssc nt (on