Is TATA Company a hindu undivided family business? Explain with reason. Also mention the features of a hindu undivided family business.

Dear student,

TATA Company is a joint stock company registered under Companies Act.

The features of HUF business are:
1) To form a HUF business there should be minimum 2 members in a family and ancestral property.
2) Liability of all members except karta is limited.
3) The control of family business lies with Karta.
4) Minors can also became part of HUF business.

Regards

 

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