Correct the underlined word and rewrite the following sentences :(i)

1.	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.
Answer» (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.

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.

Answer»

(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.