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What are Karta powers in HUF?

Karta plays a fiduciary role in HUF and is authorized to take decisions for the family. He enjoys following rights:

Manage all family affairs.
Manage all finance including income and expenditures.
Borrow money on behalf of HUF.
Power to compromise all family disputes pertaining to property and their management.
Karta can enter into any contract to represent HUF.
Karta has the power to make partition family property.

Answered on 2023-05-08

Zerodha Trade@20

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