Non corporate form of business ( Hindu Undivided Family)

Date : 9.April.2020
Sub  : Entrepreneurship
Day  : 1
Time : 10am -10:45
Period : 4

Learning Outcomes

• Forms of Business
• What are Corporate and Non Corporate forms of Business
• What is a Hindu Undivided Family form of Business
• Characteristics of Hindu Undivided Family form of Business
•  No of members needed to form a Hindu Undivided Family form of Business

A very good morning students.

Today we are going to learn about the third form of non corporate form of business.

We are going to learn about  Hindu Undivided Family form of Business

We will have to first learn the definition of  Hindu Undivided Family form of Business according to the Hindu Law
Next we need to remember that there are Two Schools of Law under the Hindu Undivided Family

• Dayabhaga
• Mitaakshara

Both have been well explained in the video sent to you

We would need to know the Essential conditions for Existence of Hindu Undivided Family

Please make sure you make notes for all that is being said in the video

Next you will have to make notes for the Characteristics of  Hindu Undivided Family form of Business 

Please remember Legal formalities is not in your syllabus so you can skip that part of the video

I NOW INVITE YOU TO WATCH THE VIDEO LINK GIVEN BELOW

Please remember to watch till the Hindu Undivided Family.we will do the Co operative form of Business in the next class.If you want to listen to what is being said you are welcome to do so.

https://www.youtube.com/watch?v=_zWxM0yJqQg

Your assignment

1. Define the  Hindu Undivided Family according to the Hindu Law
2. Name and explain the two schools of the HUF
3. What are the essential conditions to start a HUF
4. List down the Characteristics of the HUF