Procedure & dcoument to change karta of huf
Dhirender Wadhwa
(Querist) 03 March 2018
This query is : Open
Dear Experts
It has been a great help from you all on different legal issues.
My father has an HUF. Started in 2014 with me handling all its works till date. All income from professional work of mine and my wife were added to HUF, as I am salaried also. In 2016, I opened a trading business (with help of family and my savings) with HUF as the properietor. Have returned all invested amounts. My father being karta, has been complaining as I disturb him (not actually) for all legal works (Audit signs, bank accounts, etc), wherever Karta is mandatory and me handling all else as the authorised signatory. All work and process and dealings are done by me. Recently my father, has been pressurizing me to take over as karta of HUF. (Now 75, he finds all this burdens on him. He wants to be free and be on pilgrimages and tours to my other two brothers living in other cities and abroad.
My brothers had no problems in the issue since starting and have already consented to my father. Please note that Eldest brother has wife and two sons (major) and lives outside India (now citizen in that country). I have wife and one daughter (minor). Two younger brother in India are married with one son (minor each). One sister (youngest) was married when HUF was started (on paper) and lives with husband and two sons (minor). All incomes and business in HUF were put in by me and my wife. No property (ancestral or individual) has been put in.
Kindly suggest the paperwork to be done as I got to know, that Karta of an HUF can be changed. Please clarify grounds and legal proceedings taking into account that eldest son lives abroad and consents sign through proper channel as visiting india is not feasible for him
