huf of minor
This query is : Resolved
28 May 2008
can a huf be formed in the name of minor whereby the gurdian can sign as karta
28 May 2008
i don't think so. huf is meant to be form with a person, his spouse and at least a child. so, in case of minor it can't be.
28 May 2008
actually i have seen a demat account wherein the minor huf account has been opened and the father has signed as karta of huf i.e.
Minor's huf
Minor's Father
Karta
Minor's huf
Minor's Father
Karta
28 May 2008
not sure how it happened.
that minor must be of 17 year having a wife and a child :-) (just kidding although possible)
for more info on huf, go to this link:
http://64.233.183.104/search?q=cache:ZuhCVeQA3eUJ:www.rediff.com/getahead/2006/apr/21huf.htm+huf&hl=en&ct=clnk&cd=1&gl=in
that minor must be of 17 year having a wife and a child :-) (just kidding although possible)
for more info on huf, go to this link:
http://64.233.183.104/search?q=cache:ZuhCVeQA3eUJ:www.rediff.com/getahead/2006/apr/21huf.htm+huf&hl=en&ct=clnk&cd=1&gl=in
15 June 2023
HUF can be formed only after creation of family, i.e after marriage of individual.
In India minors are not allowed to marry, hence HUF of minor cannot exist.
In India minors are not allowed to marry, hence HUF of minor cannot exist.
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