Can HUF nominate Power of Attorney for mutual fund investments or otther invements?

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Can HUF nominate Power of Attorney for mutual fund investments or otther invements?

2006-12-10 19:43:18 · 2 answers · asked by siva k 1 in Business & Finance ➔ Investing

2 answers

Ya surely that provision is there.

2006-12-10 19:46:50 · answer #1 · answered by Subhrangshu m 3 · 0⤊ 0⤋

Generally the "Karta" has the authority for investing in case of HUF. If he/she is not available cause of certain reasons, he/she may give the power of attorney to other Co-parceners (Members) of HUF.

2006-12-11 03:52:13 · answer #2 · answered by Prince 3 · 0⤊ 0⤋