Karta be partner ??
The firm consists of A,b,c,d. Mrs.A is Karta of A(HUF Consisting b & c) Now can we take Mrs.A(Karta) as a Partner in Firm ???? Pls note:- A(Widow)= Mother of B & C D=Aunt of B & C All 4 are Relative holding pattern = A(Huf) 60%; A(Individul capacity) 10%; B 10%; C 10%; D 10%: Further Comments will be Noted,Appreciated & Dealt Suitably. Dear Experts, i hope you would TRY Replying me to deal this Assignment. Thanks in Advance.
Replies (4)
A woman can't be Karta in normal course.
Are you sure, there is no major male member?
The relation of partnership arises from contract and not from status; and, in
particular, the members of a Hindu undivided family carrying on a family business as
such, or a Burmese Buddhist husband and wife carrying on business as such are not
partners in such business.
So, it depends whether there is such a contrat between them or not.
In my case Mrs.A widow, my assignment is to advice them. I planned their business structure. I need to make a partnership deed if every thing goes on well.
Sir, can i go Ahead ?
MrsA=Widow b 25yrs & c18yrs= sons of Mrs.A Mrs.D=widow
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