Following is my query regarding formation of New HUF:
Example:-
Mr Mukesh Ambani is member of Dhirubhai Ambani (HUF).The Karta of Dhirubhai Ambani (HUF) is Mr Dhirubhai Ambani.
On Death of Dhirubhai Ambani,Mr Mukesh becomes the Karta of Dhirubhai Ambani (HUF).
Now my question is whether Mukesh Ambani Can Form his own (HUF) having name Mukesh Ambani (HUF) after becoming Karta of Dhirubhai Ambani (HUF)?
Thanks & Regards,
Nitin J Ladha
CAclubindia
