Can my mom be the karta of the HUF?
My mom is a widow. My father expired 10 years in the past. We are two (main) sons and a married daughter. We brothers have created a HUF with an preliminary capital of ₹50,000 acquired as a present in marriage. Can my mom create a HUF being a karta and we two sons as coparcener?
-Pinrani
Hindu Undivided Family (HUF) includes all individuals forming a part of one lineal household department and having a standard ancestor. It contains father, mom, sons, their wives (daughters-in-law) and daughters –these events every have a unique bundle of rights.
The father of the household, if alive, or in his absence, the senior-most male member of the household is entitled and presumed to handle the HUF and is named the ‘karta’ of the HUF.
In the absence of a senior male member of the household, the Delhi High Court has dominated that the eldest feminine coparcener might be karta of the HUF [Sujata Sharma vs. Manu Gupta (CS (OS) No 2011/2006)]. However, solely a coparcener can turn out to be the karta. A partner/spouse of a coparcener (or a karta) is barely a ‘member’ (who has restricted rights and no possession of the underlying property at start) and doesn’t qualify to turn out to be a coparcener. Only in distinctive instances the place the male members are minors and within the absence of a karta, their mom, as a guardian can symbolize the HUF for evaluation and restoration of tax.
In your case, between you and your brother, if a brand new HUF is desired to be arrange, the eldest son would be the karta of the HUF and never your mom. On a separate word, it’s value questioning why a HUF could be required, as they aren’t widespread or fascinating within the fashionable property planning context. Please converse to an legal professional and discover the usage of a belief as a substitute, the place you can also make your mom a trustee.
Rishabh Shroff is associate, Cyril Amarchand Mangaldas. Queries and views at mintmoney@livemint.com
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