Death of Karta of HUF leaving Widow and minor child.
Querist : Anonymous
I need advise, regarding as follows:
A HUF consisting Karta, Wife and minor son. Since HUF is running a business of bricks. However, due to unfortunate accident, the said Karta has died leaving behind widow and minor son.
my query is :
1. can a widow become karta of huf ?
2. can she operate bank a/c of HUF?
3. can she open new bank a/c, with the name of deceased karta ?
kindly provide me advise.
Thanks,
Reply- Yes
2. can she operate bank a/c of HUF?
Reply- Yes
3. can she open new bank a/c, with the name of deceased karta ?
Reply- The Suffix "HUF" has to be added.
Querist : Anonymous
However, department personnels say that "After the amendment of Indian succession act, 'female can be conpracener but not even written anywhere that female can become karta in case of widow."
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