Female Members Can Become HUF
Female Members Can Become HUF, HUF (Hindu Undivided Family) traditionally consists of male members as per Hindu law in India. However, in recent years, there have been discussions and legal developments regarding the inclusion of female members in HUFs. The Hindu Succession (Amendment) Act, 2005, brought significant changes by granting equal rights to daughters in the ancestral property of the HUF.
Under the amended law, daughters are now considered coparceners and have the same rights and liabilities as sons in the HUF property. This means that HUFs can include female members, such as daughters, as coparceners, along with the existing male members.
It’s important to note that the exact legal implications and procedures for forming and managing an HUF with only female members can vary depending on specific circumstances and applicable laws. If you are considering forming an HUF with only female member, it is advisable to consult with legal professionals who specialize in Hindu law for accurate guidance and assistance based on your specific situation.
For further details access our website https://vibrantfinserv.com
To visit: https://www.mca.gov.in/
