Start learning →

If the defaulter is a Hindu undivided family, who is deemed the defaulter?

AThe eldest daughter
BThe youngest adult
CThe Karta of the HUF
DEvery coparcener
Answer & Solution
Correct answer: C. The Karta of the HUF
The Explanation to Section 14(6) treats the Karta as the defaulter on behalf of the family.
Practise this question with Quill — CA Inter →

Keep practising Foreign Exchange Management Act 1999

Browse all Foreign Exchange Management Act 1999 questions for CA Inter, or explore more Law topics.

Start a Foreign Exchange Management Act 1999 lesson →
Related questions