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Text z Príbehu

  • A Joint Hindu Family business is governed by Hindu Succession Act, so Formation of Chintu's Family Business was easy.
  • mom &
  • Full controlling power always stays in the hands of Karta
  • dadi
  • Aunt & Uncle
  • Chintu's Dadaji being the eldest in the house takes all business related decision as he is the karta. And has dominance over coparceners
  • Chintu
  • Soon after... a few months Chintu's younger brother Sonu took birth.
  • A new born baby is made the member of the business as soon as he/she takes birth
  • Business was going well....until
  • They suffered a huge loss due to high competition.
  • The liability of all members except the karta is limited to their share of co-parcenery property of the business. The karta however, has unlimited liability
  • So, Dadaji's two sons were only liable to pay 20,000 (the amount which they had contributed) Where a Dadaji had to overcome the loss 3,00,000 by giving his personal asserts
  • Their Cloth Business started again
  • Death of Grandfather
  • Risk can approach in any form of business, at any time and the family members have to be prepared
  • Sonu was made the minor coparcener of the family business
  • Continuation of business
  • After the death of grandfather the business was continued by Chintu and Sonu's Father.
  • After introduction of some new products and sales strategies their business was back to normal
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