Use of money of huf by karta

yashsr (CA) (2285 Points)

22 April 2013  


Assume that there is a HUF known as 'Sachin Tendulkar HUF' of which Sachin Tendulkar is the Karta and the Co-Parceners include his wife Anjali, son Arjun and daughter Sara. Assume that both Arjun and Sara are majors(i.e. above 18) but were minors when the HUF was formed.

Can Sachin Tendulkar withdraw money from the HUF without informing the Co-Parceners? Or is the consent of the same required from them?