A Coparcener wants to trade exclusively in the trading account of huf. Coparcener cannot trade in her own account due to corporate restrictions. Is it legally ok? Any suggestions/precautions? TIA
Replies (2)
Quick Summary
This discussion explores whether a coparcener of a Hindu Undivided Family (HUF) can legally trade exclusively within the HUF's trading account. The coparcener faces restrictions from trading in her personal account due to corporate limitations. The advice suggests that if the job has such restrictions, a spouse or relative could potentially trade using their own PAN, but the employer's specific guidelines are crucial for confirmation.