Female member's rights in HUF

This query is : Resolved 

18 November 2008 If karta of a HUF business becomes disabled, can the rights of the HUF be tranferred to his wife the female member of the HUF. If yes, what is the procedure to be followed.

26 January 2009 If karta dies then automatically the next male member who is elder in the family will become the new karta. If the person is below the age of 18 then gaurdian will become the deemded karta for the purpose of the act. If there are no male members in the family then the HUF will be dissolved and will be distributed to the wife and female members.



You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Join CCI Pro
CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries