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The oldest male coparcener of the Hindu Undivided Family is called Karta. Karta has the power or full authority to manage the assets of the HUF and all its affairs. Thus, the Karta is the sole representative member of the family. All the transactions placed from the HUF trading account are processed in the name of Karta.
However, in the event of the Karta's death, a new Karta is appointed who is the next most senior member of the family, male or female. There are no formal guidelines for the appointment of the Karta, and members may appoint any senior member they wish.
Zerodha Trade@20
