The Private Client team at Cyril Amarchand Mangaldas shares their comments and opinions in an article in the following Q&A which was published by the Mint Newspaper on 23rd January, 2022 and the online edition of the same can be found here.
My mother is a widow. My father expired 10 years ago. We are two (major) sons and a married daughter. We brothers have created a HUF with an initial capital of ₹50,000 received as a gift in marriage. Can my mother create a HUF being a karta and we two sons as coparcener?