(i) In Public company, shares are not freely transferable.

Question

Correct the underlined word and rewrite the following sentences.

(i) In Public company, shares are not freely transferable.

(ii) In Private company, there are minimum 3 (Three) directors.

(iii) Registration of Joint Stock company is not compulsory.

(iv) There is less secrecy in Sole Trading concern.

Answer 1

(i) In Private company, shares are not freely transferable.

(ii) In Private company, there are minimum 2 (Two) directors.

(iii) Registration of Joint Stock company is compulsory.

(iv) There is maximum secrecy in Sole Trading concern.