Tag Archives: #LegalEntityStatusOfHinduFamily

Is HUF a company?

HUF Individual or Non Individual

What is an HUF? A Hindu Undivided Family (HUF) is a legal entity in India that consists of family members who are lineal descendants of a common ancestor. The head of the family, often the eldest male member, is called the Karta, and the other members are known as coparceners. HUFs are recognized under the… Read More »

HUF is a body corporate?

HUF be Partner in Partnership Firm

HUF is a Body Corporate   HUF (Hindu Undivided Family) is not considered a body corporate. In legal terms, a body corporate typically refers to a legal entity created by law, such as a corporation, company, or organization, which has its own separate legal personality distinct from its individual members. An HUF, on the other… Read More »