Hindu Undivided Family

GPTKB entity

Statements (51)
Predicate Object
gptkbp:instanceOf gptkb:family
gptkb:public_company
tax entity
gptkbp:canBePossessedBy prop
gptkbp:canFileTaxReturn yes
gptkbp:canSueAndBeSued yes
gptkbp:consistsOf members
coparceners
gptkbp:governedBy gptkb:Hindu_Law
gptkb:Income_Tax_Act,_1961
gptkbp:hasFeature ancestral property
coparcenary rights
joint family property
Karta manages affairs
adoption possible
can be dissolved by agreement
can be dissolved by court order
can be partner in firm
can earn income
can invest
can open bank account
can own business
can receive gifts
cannot be director in company
cannot be shareholder in company
dissolution by partition
female can be Karta (post 2005 amendment)
liability is joint and several
daughters have equal coparcenary rights (post 2005 amendment)
minor can be coparcener
no maximum number of members
partition can be oral or written
partition can be total or partial
partition possible
succession by survivorship
taxed separately from individual members
gptkbp:headOfState Karta
https://www.w3.org/2000/01/rdf-schema#label Hindu Undivided Family
gptkbp:prevalence gptkb:Buddhism
gptkb:Hindus
gptkb:India
gptkb:Sikhs
Jains
gptkbp:recognizedBy Indian legislation
gptkbp:regulates gptkb:Hindu_Adoptions_and_Maintenance_Act,_1956
gptkb:Hindu_Marriage_Act,_1955
gptkb:Hindu_Minority_and_Guardianship_Act,_1956
gptkb:Hindu_Succession_Act,_1956
gptkbp:bfsParent gptkb:Udyam_Registration_Portal
gptkb:Hindu_Law
gptkbp:bfsLayer 7