Distinguish between a ‘Joint Stock Company’ and a ‘Joint Hindu Family Business’ on the basis of ‘liability of its members’
Distinguish between a ‘Joint Stock Company’ and a ‘Joint Hindu Family Business’ on the basis of ‘liability of its members’
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In case of a Joint Stock Company the liability of members is limited whereas in case of HUF liability of karta is unlimited and that of other members is limited.
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