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Sidhhi   21 June 2023

Change of Karta of HuF ?

There's a HUF based in Mumbai and it's Karta is a senior citizen. He wants to requilish this responsibility and wants to appoint a Karta from Coparceners in the HuF.

Please guide with the procedure. TIA.


Learning

 5 Replies

Real Soul.... (LEGAL)     21 June 2023

Simply make a family settlement deed and nominate the karta ,must be eligible and acceptable. 

Rama chary Rachakonda (Secunderabad/Highcourt practice watsapp no.9989324294 )     21 June 2023

You can do this procedure to change karta in HUF also. A request letter to change karta along with the  NOC from other coparceners can be filed with bank to change the karta.

T. Kalaiselvan, Advocate (Advocate)     21 June 2023

Only a coparcener can become Karta of a HUF. By virtue of the Hindu Succession (Amendment) Act 2005, daughters can also become coparceners and have interest by birth in coparcenary property similar to sons.

IF You do not want to Partition your HUF still you may change your karta by making a Memorandum of Understanding stating that all members of your HUF have passed resolution to Change their Karta from Old one to new. Noterize it before atleast Notary Public and file a form 49A for Change in PAN Card from Effective Date. have a revised PAN Card. If you have IEC Code/VAT TIN No / ECC No etc. then you have to file said stamped Documents with necessary Other Documents with Concerned Departments

 

1 Like

Sidhhi   21 June 2023

Thanks all specially Adv T Kalaiselven for his detailed guidance in the matter.

T. Kalaiselvan, Advocate (Advocate)     23 June 2023

You are welcome for your appreciations.


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