Multiple choice

Ravi Kumar and Sons, an HUF, maintain a current account. The Karta of the HUF dies and leaves behind three family members, i.e. his wife and two minor sons. How will you deal with the account?

  1. The bank will stop operations in the account

  2. The account can be operated by minor son being the male member.

  3. The account can be operated by widow being guardian of eldest male member to be called Karta.

  4. The account can be operated by any of the two sons.
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

The account can be operated by his widow, being guardian of the eldest male member to be called karta.

Keep practicing — related questions