TaxTMI 
TaxTMI 
Hindu Undivided Family not considered a "company" u/s 141 of Negotiable Instruments Act; Karta can be prosecuted.
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....Prosecution of the 'Karta' of HUF when cheque issued by the HUF got dishonored - whether an H.U.F. will constitute an “association of individuals” according to the term “company” as explained in Section 141 of the N.I. Act - Held No - HUF cannot be treated as legal entity as AOP - KARTA can be prosecuted - HC....