HUF (Hindu Undivided Family)
HUF or Hindu Undivided Family is that separate entity which can be created by family members, in which members are lineal ascendants and descendants. Only Hindus, Buddhists, Jains and Sikhs can open a HUF. All the services required for huf registration are provided by Go Company’s experts. We provide advice and incorporation services for various type of business.
- Hindu Undivided Family or HUF comes under the existence of “Hindu Law”, so it cannot be created by any contract or agreement.
- There is no compulsion for the registration of HUF organization as Hindu Undivided Family is the result of the Hindu Law.
- Hindu Undivided Family have two type of members i.e. Karta, who is the senior most male member of the family who manages and controls the business and coparceners.
- Every member in Hindu Undivided Family have equal rights to share the profits and losses in the business.