(i) The liability of shareholders of the company is unlimited.
Correct the underlined word and rewrite the following sentences :
(i) The liability of shareholders of the company is unlimited.
(ii) The member of the Joint Hindu family business is called as partners.
(iii) A Joint Stock Company is a natural person created by law.
(iv) A partnership firm is governed by the Cooperative Societies Act, 1960.
(v) Partnership firm enjoys separate legal entity.
(vi) A dormant company is opposite to a Holding company.
1 Answers
(i) The liability of shareholders of the company is limited.
(ii) The member of the Joint Hindu family business is called as co-parceners.
(iii) A Joint Stock Company is an artificial person created by law.
(iv) Co-operative Society is governed by the Cooperative Societies Act, 1960.
(v) The joint Stock company enjoys a separate legal entity.
(vi) A subsidiary company is opposite to a Holding company.