Advertisement
There is no limit for membership in Joint Hindu Family Business.
This statement
is True.
i. In Joint
Hindu Family, all members born in the family become member of the family by birth
and ceases to be a member by death. It is governed by the Hindu Succession Act,
1956.
ii. Thus, there
is no specific number of members in a Joint Hindu Family business. Hence, there
is no limit for membership in Joint Hindu Family business.