huf of minor

This query is : Resolved

Report Abuse Follow Query Ask a Query

Kalpesh

Kalpesh (Querist)
Follow

28 May 2008 can a huf be formed in the name of minor whereby the gurdian can sign as karta

CA. Yayati Tyagi

CA. Yayati Tyagi (Expert)
Follow

28 May 2008 i don't think so. huf is meant to be form with a person, his spouse and at least a child. so, in case of minor it can't be.

Kalpesh

Kalpesh (Querist)
Follow

28 May 2008 actually i have seen a demat account wherein the minor huf account has been opened and the father has signed as karta of huf i.e.

Minor's huf

Minor's Father
Karta

Upgrade to CAclubindia Pro. Subscribe Now!

CA. Yayati Tyagi

CA. Yayati Tyagi (Expert)
Follow

28 May 2008 not sure how it happened.

that minor must be of 17 year having a wife and a child :-) (just kidding although possible)

for more info on huf, go to this link:

http://64.233.183.104/search?q=cache:ZuhCVeQA3eUJ:www.rediff.com/getahead/2006/apr/21huf.htm+huf&hl=en&ct=clnk&cd=1&gl=in

Kalpesh

Kalpesh (Querist)
Follow

05 June 2008 CAN WE HAVE ANY OPINION

Dhirajlal Rambhia online

Dhirajlal Rambhia online

(Expert)
Follow

15 June 2023 HUF can be formed only after creation of family, i.e after marriage of individual.
In India minors are not allowed to marry, hence HUF of minor cannot exist.