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Who is the Karta in HUF Investments

I read an article about HINDU UNDIVIDED FAMILY in your website. I have some doubts on my mind. MY query is Only 3 daughters father can make KARTA elder one daughter or not?

Feb 18, 2015 by Sushma Chopra, Hyderabad  |   Mutual Fund

After the amendment of Hindu Succession Act in 2005, daughters can become coparceners in their father’s Hindu Undivided Family (HUF). A daughter would remain a coparcener in her father’s HUF even after her marriage. In the event of the death of the Karta, in absence of any male coparcener, the eldest daughter can take over as the Karta of the HUF. Therefore in the case that you are referring to, the three daughters can continue to run their father’s HUF and the eldest daughter can take over as the Karta, in the event of her father’s death. Hope this clarifies your question.

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