Forms of Busine...

Which of the following can be treated as advantage of HUF form of business?

The liability of each member of the HUF business is _____________.

In a HUF business, the liability of the karta is _______________.

Every partner is bound to attend ______ to his duties in the conduct of the business.

Partnership is an association of two or more individuals (but not more than 20) who agree to share the profits of a lawful business which is managed and carried on __________________.

Interest on capital will be allowed only when _________________.

A company can hold its first AGM within ______ months from date of its incorporation.

____ is an association of 2 or more individuals but not more than 20 who agree to share the profits of a lawful business which is managed and carried on either by all or by any, or some of them acting for all.

True test of partnership is ______________.

A new partner can be admitted in the firm with the consent of ___________________.