i have bought some mutual funds in my HUF . Being KARTA of the HUF can i nominate now itself my wife or a particualr child or even myself in that WITHOUT actually breaking the HUF .
5 Replies
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(178628 Points)
Replied 29 March 2018
No, because HUF continues even after death of any of its members/KARTA
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(178628 Points)
Replied 29 March 2018
As such not necessary........ because HUF doesn't get closed or block by demise of any of its member/s, till it reduces to single coparcener......
HUF property is co-owned by all its existing members, lasting upto next 4 generation......
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(178628 Points)
Replied 29 March 2018
HUF has to be dissolved, and the assets gets distributed amongst the prevailing members......
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