If I am not wrong, an HUF is formed as soon as a couple finishes their 7 feras in the sakshi of agni irrespective of whether they give it a financial identity or not is a different thing. Also, whether to have a child or not is a personal choice and it has nothing to do with HUF as an entity. But I got to know from Zerodha staff that HUF account must have a Major Coparcener.
Why is that?
That is not a requirement for getting HUF PAN Card, Opening Bank Account or Investing in Mutual Funds physically.
Will appreciate if you can shed some light on this.