Sunday, 14 April 2013

POWERS OF KARTA( Head/Manager of joint Hindu Family)

1. Powers of Management: he may manage family affairs and business in the way he likes to do so.he may discriminate between the members of the family or to whom he may give some property and to one who does not get any share.

2. Power to compromise:  The karta has a power to compromise in any dispute relating to family property or their management.he may also compromise a suit pending in the court and it is binding on all members of the family. He can also compromise on family debts and other transactions.

3. Power to refer a dispute to arbitration: he may refer any dispute to arbitration and the decision would be binding on all members of joint Hindu family.

4. Power to enter into any contract.

5. Power to acknowledge the debt on the behalf of his family members.


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