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yes because firm is not a legal entity in the name of firm partner earn money n they get purchase property in the name of partner.

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15y ago

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How do you prove that a joint Hindu family undivided property is ancestor property?

one has to prove the nucleus of joint family and creation of properties during jointness of hindu family


Questionnaire for joint Hindu family?

A joint Hindu family business is one that is owned by all the males in the family. There have been several questionnaires which aim to find out the role of the joint family in Hindu businesses and relationships.


What are example of joint Hindu family business?

TAtA & sONS


Detailed study of joint Hindu family business?

A detailed study of a Joint Hindu Family Business would reveal that the estate of the business is indivisible. This type of business structure is formed by traditional Hindu culture and law and cannot be bound by contract.


Need and importance of joint Hindu family?

a joint hindu family will be helpful in passing on the values, culture and traditions to the younger generations. It is also helpful in times of crisis when everyone act as support pillar for eachuther.


Find A Project On Joint Hindu Family?

A joing Hindu family is a common way of living on the Indian subcontinent in which many generations of the same family live under one roof.


What type of deed do you need if your partner is not on the mortgage but you want her to have interest in the property?

joint survivership


What is joint Hindu family?

it refers to a business which is owned by the male members of the family. it exists under the Hindu law and is governed by the law of succession. here, the family possess some inherited prperty.


What is joint Hindu family business-?

it refers to a business which is owned by the male members of the family. it exists under the Hindu law and is governed by the law of succession. here, the family possess some inherited prperty.


After 28 years your partner went to live with his daughter because of age problems. You own property as joint tenants and pay all the bills. What are your rights?

You have the right to the use and possession of the property. However, you can't sell or mortgage it without your partner's signature. When your partner dies his interest in the property will pass automatically to you by right of survivorship with no need of probate. Your best bet would be to just continue to pay the bills for your home, remain silent and let nature take its course. A joint tenant can convey their interest in the property and break the joint tenancy. If your partner executed a deed to someone else in his family now, the survivorship tenancy would be severed and you would only own a half interest in the property. You should consult with an attorney who can review your situation and explain your position.


What are the needs and importance of joint Hindu family business?

Joint Hindu family businesses, governed by Hindu law, serve as a traditional structure for managing family-owned enterprises, fostering unity and collective decision-making among family members. They ensure the seamless transfer of wealth and resources across generations, helping to preserve family heritage and values. Additionally, they provide a support system that enhances financial stability and shared responsibilities, allowing for collaborative risk-taking and investment. This model often leads to sustained growth and resilience in the face of economic challenges.


Features of joint Hindu family business?

1. formation 2. liability 3. control 4. continuity 5. minor members