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What is Joint Hindu family business? What are its main characteristics?

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A Joint Hindu family firm refers to the firm owned by a joint Hindu family. In short, the firm or business belonging to a Joint Hindu family is called a Joint Hindu family firm.

The chief characteristics of Joint Hindu family firm are:

1. A Joint Hindu family firm is recognized as a separate entity by law. 

2. A Joint Hindu family firm is not dissolved by the death, insolvency or insanity of any co-parcener. It is not dissolved even on the death, insolvency or insanity of the Karta. 

3. A Joint hind family firm is government by the general rules of Hindu law. 

4. It is owned by all the co-parceners.

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