Step 1: Understanding the Concept:
The question is about the nature of property rights of a Hindu female after the enactment of the Hindu Succession Act, 1956. This Act was a revolutionary piece of legislation that reformed Hindu property law.
Step 2: Key Formula or Approach:
The relevant statutory provision is Section 14 of the Hindu Succession Act, 1956.
Section 14(1) states: "Any property possessed by a Female Hindu, whether acquired before or after the commencement of this Act, shall be held by her as full owner thereof and not as a limited owner."
Explanation: This section converted the traditional "limited estate" or "woman's estate," which a Hindu female held with restrictions on alienation, into an "absolute estate" or full ownership.
Step 3: Detailed Explanation:
Before 1956, under traditional Hindu law, a female generally held property as a limited owner with very restricted rights of disposal. Section 14 of the Hindu Succession Act, 1956, brought a radical change. It applies to any property 'possessed' by a female Hindu, regardless of when it was acquired (before or after 1956). It elevates her ownership status from that of a limited owner to that of a full owner, giving her absolute rights, including the right to dispose of the property as she wishes.
Step 4: Final Answer:
The property shall be held by her as A full owner.