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The maximum limit on members of a joint Hindu family carrying on family banking business is?
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The maximum limit on members of a joint Hindu family carrying on famil...
There is no such maximum limit of members in the case of Joint Hindu Family business. because it is carried by all the members of the Hindu undivided family (members depend upon the family size) so there is no limit of member in the case of joint Hindu family business.
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Direction: Read the following text and answer the questions on the basis of the same:Ramkrishan Agrawal is running a Jewellery showroom at a prime location in Jaipur, which he inherited from his father. His joint family consists of his three sons and a younger brother, who are also working in the same showroom. Being head of the family, Ramkrishna takes all the decisions of business, which sometimes causes conflicts among the members. He decided to open one more branch, and the business took a loan of ` 1 crore from Syndicate Bank for three years. But opening of the new branch proved to be a wrong decision and the business suffered heavy losses. Due to financial crises, Ramkrishna had to pay a part of the loan amount from his self-acquired property.Q. Which form of a business organisation does the above case indicate?

Direction: Read the following text and answer the questions on the basis of the same:Ramkrishan Agrawal is running a Jewellery showroom at a prime location in Jaipur, which he inherited from his father. His joint family consists of his three sons and a younger brother, who are also working in the same showroom. Being head of the family, Ramkrishna takes all the decisions of business, which sometimes causes conflicts among the members. He decided to open one more branch, and the business took a loan of ` 1 crore from Syndicate Bank for three years. But opening of the new branch proved to be a wrong decision and the business suffered heavy losses. Due to financial crises, Ramkrishna had to pay a part of the loan amount from his self-acquired property.Q. ”Ramkrishna takes all the decisions of business, which sometimes causes conflicts among the members.” Identify the demerit of the type of business stated here.

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The maximum limit on members of a joint Hindu family carrying on family banking business is?
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