Compare the status of minor in Joint Hindu Family Business with that in partnership firm.

Q1. Compare the status of minor in Joint Hindu Family Business with that in partnership firm?

Ans. The inclusion of an individual into business occurs due to birth in Hindu Undivided Family. Hence, minors can also be members of business whereas a minor can be admitted to benefits of partnership firm with all other partners. He will not eligible to take active part in management of firm. The minor can share only profits and cannot be asked to bear all loses.

Leave a Reply

Your email address will not be published. Required fields are marked *

12 Views
%d bloggers like this: