FEATURES OF THE JOINT HINDU FAMILY BUSINESS
Membership in a Joint Hindu Family Business is obtained by birth, not by agreement.
The Karta, the eldest male member, manages the business.
Liability: Karta → unlimited; Coparceners → limited.
There is no upper limit on the number of members, but membership extends only to three generations.
Even minors become coparceners by birth.
The business continues after the death of the Karta, with the next senior male becoming the new Karta.
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