Karta is the sole manager of‘Joint Hindu Family Business’.
Justify the following statement :
Karta is the sole manager of‘Joint Hindu Family Business’.
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1. The Karta is the eldest or senior most person in the family business.
2. Karta has unlimited liability.
3. He has the entire decision making power and he is not binding on the views of the co-parceners.
4. Thus, the Karta is the sole manager of Joint Hindu Family business.
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