A joint Hindu family carrying on trade in a particular commodity may legitimately extend it to another commodity, and whether such an extension would amount to a new business would necessarily depend upon the nature and type of the extended business, and not on the particular commodity in which it does business. (more…)
What are the Powers of a Karta to Start a New Business under the Hindu Law?
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What are the Rights and Duties of Coparceners? (14 Rights)
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The following are the fourteen main rights of a coparcener: 1. Community of interest and unity of possession: No coparcener is entitled to exclusive possession of any part of the coparcenary property; nor is any coparcener entitled to any special interest in such property. (more…)
What are the Six Different Types of Ancestral Property under the Hindu Law?
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Ancestral property is a species of coparcenary property. Ancestral property is that property which is acquired by unobstructed heritage. (See above.) If property is acquired by obstructed heritage, it is not ancestral property. The various types of ancestral property differ from one another as regards the source from which such property is obtained, and may […]