REGARDING HUF FILE IF KARTA IS DEAD
This query is : Resolved
03 August 2009
HOW HUF FILE IS MAINTAINED AFTER DEATH OF KARTA IF SON IS MINOR CAN WIFE CARRY HUF FILE WHO IS SIGNING AUTHORITIES ON BEHALF OF KARTA
03 August 2009
An HUF consists of a karta, the senior most male member of the family or the manager of the joint family property, coparceners (the son, grandson and the great grandson of the karta who acquire interest by birth in the joint family property) and the members, including female members as well as distant blood relatives in the male line. As the name implies, a single person cannot be an HUF, but a husband-wife can. A female member cannot become the karta of HUF, however, after the last male member dies, HUF may consist of female members only
i.e Female member will be signing authorities on behalf of karta
i.e Female member will be signing authorities on behalf of karta
04 August 2009
Refer supreme court decision in Sushiladevi Rampuria
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