Storyboard Text
- 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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