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What is mean by joint Hindu family?
Verified Answer
What is mean by joint Hindu family?
Joint Hindu Family is a type of business in which the decision taking power is with one person. 
That person is known as patriarch.
Most probably the oldest member of family.
And the hold in kitchen is experted by patriarchs wife.
In JHF many families live together. 
Only patriarch also known as karta is liable for the liabilities of the firm.
This type of business lost its popularity due to gradual breaking of the family.
And moreover as all the power is with karta,  no rights of decision making is their for rest of members.
This question is part of UPSC exam. View all Commerce courses
Most Upvoted Answer
What is mean by joint Hindu family?
A joint family or undivided family is an extended family arrangement prevalent throughout the Indian subcontinent, particularly in India, consisting of many generations living in the same household, all bound by the common relationship
Community Answer
What is mean by joint Hindu family?
According to hindu law, joint hindu family is a group of people whose ancestors are same. Joint hindu family business refers to that business organisation under which all members of the family carry a business under the control of ' Mukhya or Karta'. The elder members of the family happens to be its karta and he has the absolute authorities. Other members have to follow his rules .
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What is mean by joint Hindu family?
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