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What is Differences Between HUF and Partnership about?

- A joint Hindu family business arises by operation of law based on family status, not by contract like a partnership. New members are admitted to a joint family business by birth, not consent like in a partnership. - While females can be partners, membership in a joint Hindu family business is restricted to male members only. However, after the Hindu Succession Act of 1956, females get a co-sharer

Author

Sanstubh Sonkar

Language

EN