Karta has the controlling power over the income and expenditure of the family. The Karta is also empowered to run the joint family business. The Karta may contract debts on behalf of the family. … The Karta can represent the common family in any legal suit or complaint against the family.
What are the duties of a Karta?
It is so concluded that the karta holds the position of the manager or guardian in the Hindu Undivided Family. He does not acts as a trustee or agent. He not only holds the power of management but also to manage accounts, provide maintenance, enter into contracts, take loans or pay debts for which he has a wider power.
What is the position of Karta in a Hindu joint family?
The head of the Hindu Joint Family also called the Karta or manager of the joint family occupies a unique position unlike any other member of the family. The senior most male member of the Hindu joint family is usually the Karta or head of the family.
Why is Karta given importance in the joint Hindu family business give reasons?
The Karta has full control over the business activities and takes a decision quickly. No one can interfere in the decision of Karta as every member is bound to accept his decision. Hence, it avoids clashes among the members and results in very speedy decision making.
Who is Karta in Hindu undivided family?
The head of a HUF is called the Karta, he is the senior-most male member of the family.
When can Karta alienate joint family?
Art 126 of the Indian Limitation Act 1908 sets the period of limitation for a suit by son challenging alienation made by the father as 12 years, Art 144 gives the period for alienation made by Karta as 12 years, in case of mere declaration the period is 6 years.
Who can be a Karta of a joint family?
In a family consisting of the father and his children, father is the Karta when he dies his eldest son becomes the Karta. Thus in a joint family consisting of brothers the eldest brother is the Karta. It is open to the senior member to give up his right of Management. Then one junior to him can become the Karta.
Who is Karta answer?
Karta is the manager or the senior male member of the HUF.
What is the Karta?
The Joint Hindu family is a patriarchal body, and the head of the family is called Karta. Karta is the senior most male member of the family who acts as the representative of the family and acts on behalf of the family. … The powers and position of a Karta are wider than any of the members of the Hindu Joint Family.
What do you understand by Joint Hindu family business explain its characteristics?
Joint Hindu Family Firm is created by the operation of law. It does not have any separate and distinct legal entity from that of its members. … The membership in this form of business organisation can be acquired only by birth or by marriage to a male person who is already a member of Joint Hindu Family.
What is the purpose of HUF?
Basically the logic behind forming an HUF to save tax is to avail the benefit of an extra PAN Card legally. As the Income of the Family is not taxed in the hands of any specific Individual, a new PAN Card is allotted to the HUF and Tax would be paid by the Family using this PAN Card.
Who is Karta What are the circumstances under which a Karta can alienate joint family property?
For legal necessity and benefit to the estate, Karta was allowed to alienate the traditional family property. Where the other coparceners are minors, he may alienate joint immovable property to attach not only his interest but also that of the other minor coparceners, given the common family’s needs warrant the same.
Under what circumstances can a Karta alienate the joint family property?
There is no presumption under law that the alienation of joint family property made by Karta is valid. The Karta has no arbitrary power to alienate joint family property. He could do so only for legal necessity or for family benefit.
Who can be a Karta of the Hindu joint family is this position open to a female Hindu?
In the case of Mrs Sujata Sharma vs Shri Manu Gupta & Ors [CS (OS) 2011/2006], the Delhi high court held that an eldest female member of a family, being the coparcener in an HUF, may become the karta of an HUF.