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Account Opening

Hindu Undivided Family (HUF) FAQs

  • Who is called the Karta in a HUF?
    The head of a HUF is called the Karta, it is the senior-most coparcener of the family.
  • Who can be a coparcener in a HUF?
    A coparcener is a person who has a legal right to ancestral property by birth and is a member of a Hindu Undivided Family (HUF). All children of a coparcener (male or female) automatically gain coparcenary rights. However:
    • A married woman who joins the HUF does not gain coparcenary rights but becomes a member of the family.
    • The Karta’s wife, for example, cannot become a coparcener.
  • How many coparceners are required to open a HUF trading and demat account?
    Two coparceners are mandatorily required to open a HUF trading and demat account.
  • Can the Karta act as a coparcener in a HUF?
    Yes, a Karta can act as a coparcener in the HUF.
  • Who can become a coparcener in a HUF?
    The Karta’s children can become coparceners of the HUF. The age of the children does not matter to become coparceners.
  • Can the Karta’s wife become a coparcener in the husband’s HUF?
    No, Karta’s wife cannot become a coparcener in the HUF. However, she can be considered a member of the HUF.
  • Can a husband and wife open a HUF trading and demat account with Zerodha?
    No, a minimum of two coparceners are required to open the HUF account. The husband will be the Karta and can act as 1 coparcener. However, the wife can only be considered a member and not as a coparcener.
  • Can a husband, wife and child open a HUF trading and demat account?
    Yes, the husband will be the Karta and act as 1 coparcener, and the child will be the 2nd coparcener. The wife will be a member of the HUF.
  • Can a female become the Karta of a HUF?
    Yes, the eldest daughter can become the Karta of her father’s HUF after the demise of the father.
  • Who can act as a Karta in the event of the decease of the present Karta?
    The eldest child can act as a Karta in the event of the decease of a present Karta. The wife of the deceased Karta can only be a member of the HUF.
  • Can a younger child act as a Karta in a HUF?
    In the event of the current Karta's demise, if the eldest son or daughter declines to act as the Karta, the younger son or daughter may assume the role by submitting a signed and notarised legal agreement or declaration.
  • Can the Karta’s siblings become coparceners to open a HUF trading and demat account?
    No, the Karta’s siblings cannot become coparceners to open a HUF trading and demat account.
  • Can two siblings come together to form HUF?
    No, a HUF cannot be formed among siblings. However, it can be formed with their father as the Karta. Upon the father's demise, one of the siblings can become the new Karta and continue the HUF.
  • Can a minor son or daughter become the Karta?
    Yes, a minor son or daughter can become the Karta if the current Karta dies. However, there must be at least two minor sons or daughters, as one will act as the Karta and first coparcener and the other as the second coparcener of the HUF. The mother will continue to remain a member of the HUF and will act as the guardian having signing authority.
  • Can the HUF account continue to exist if the Karta demises and has only one child?
    No, the HUF must be dissolved as two coparceners are required to maintain a HUF account.

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