Hindu Undivided Family
The Hindu Undivided Family ( HUF , also called Hindu Joint Family , English for: Connected Hindu Family ) is a form of company for family businesses known in India .
The HUF is a special type of company in, above all, Hindu India for traditional family businesses. The head of the family (Karta) is in charge. There are no separate legal regulations for HUF in company law or corporate law , but these are recognized by custom. The HUF is mentioned in a few Indian laws .
The Supreme Court of Bombay describes the HUF as an association of people who are descended from a common ancestor in direct line, as well as the wife and unmarried daughters .
All assets are collected and held in a common pool. The HUF is considered to be the "normal state" of the family in Hindu society, with the legal presumption that members of a Hindu family live in this state of unity, unless proven otherwise.
literature
- Günther-Dietz Sontheimer , The Joint Hindu Family: Its Evolution as a Legal Institution. South Asian Studies, Volume 7. Delhi 1977.
- ZfRV , No. 02, April 2014, p. 94.
See also
Individual evidence
- ↑ ZfRV 02, April 2014, p. 94.
- ↑ The HUF is also known and widespread among the Muslim population , but not accepted in this comprehensive form, as is the case with Hindu families.
- ↑ For example: Sec 5 PA 1932 and in the Income TaX Act 1961. Quoted from ZfRV 02, April 2014, p. 94.
- ↑ Bombay High Court AlR 1935 Bom 412. Quoted from ZfRV 02, April 2014, p. 94. See also Supreme Court of India: [1]
