Justify the following statement:

There is no limit for membership in Joint Hindu Family Business.

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1 Answers

1. Joint Hindu Family Firm is jointly owned by all family members. 

2. When a Hindu Joint Family does business and passes it on from one generation to another it is called a Joint Hindu Family business. 

3. There are two types of members in Joint Hindu Family Firm – Karta and Coparceners. 

4. The membership of Joint Hindu Family Firm is unlimited.

5. Membership is not limited because it depends upon the death and birth in the family. All the persons born in the family become a member of the family by birth. 

6. A person becomes a member even by adoption into the family. 

7. Thus, there is no maximum limit for membership in a Joint Hindu Family Business.

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