Celebrate Freedom with 20% OFF on CAclubindia Pro Subscription. Use Code: FREEDOM20

Procedure to update the karta in huf (Both in pan, mf and bank)

Agreement deeds 497 views 1 replies

Maya Bhat

3 Points Joined February 2024

Hi All,

Wanted to know the procedure to change the karta in Huf for my family HUF. After my father is expired, who is the karta of Huf.

we have lost the deed document.In bank records it has only my father and mother in Huf.Can my mother be the kharta or we need to update the huf deed(as we have lost the deed document).

Is there any way to dissolve the huf.
Kindly advise us.

Thanks,
Maya

Replies (1)

A coparceners i.e a male member by birth on attaining age of majority can be HUF after after demise of karta
Till that period...i.e till eldest coparceners male member attains age of majority mother can act as manager of HUF as she is ONLY member of HUF and not coparcener
Just give application in required format to banks/ pan authorities for change in KARTA
They will provide required forms/ format for the said change
Regarding dissolution of HUF,....just by making dissolution deed duly stamped and registered distribute HUF property in ratio well accepted by HUF members....and that will end HUF permanent ly