HUF Karta

Anuj Arora (CA) (55 Points)

21 December 2010  

Friends

If there are only 3 members in a HUF (husband, wife and a major son) and the husband dies, does the HUF remain in existence? In my knowledge, since there are only mother and son now, so there cant be a HUF because female member is not allowed to be a Karta...

And if the HUF doesnt remain in existence, who gets the Bank Balance of the HUF considering nominations are not registered in HUF Bank Accounts?