Can HUF and an Individual be joint owners

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Mallesh Reddy A (Querist)
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09 March 2011 HUF is a constitution by itself which includes its coparceners/members.

Opening Joint a/c with HUF as one of the a/c holder:

1. Can an HUF a/c be opened Jointly with an Individual, who is a member of the same HUF

2. Can an HUF a/c be opened Jointly with an individual who is not a member of the HUF

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Surrender (Expert)
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13 March 2011 HUF Account is for the benefit of members of such Hindu Undivided Family which may not be permitted to share HUF corpus with any one individual - whether member or otherwise!