(i) In a Partnership Firm, there is the separation of ownership and management.

Question

Correct the underlined word and rewrite the following sentences.

(i) In a Partnership Firm, there is the separation of ownership and management.

(ii) The interval between 2 Annual General Meetings should be no more than 12 months.

(iii) Annual General Meeting is called to transact “special business.”

(iv) Meetings of debenture holders, depositors, etc. are called Shareholders Meeting.

Answer 1

(i) In a Joint Stock Company, there is the separation of ownership and management.

(ii) The interval between 2 Annual General Meetings should be no more than 15 months.

(iii) Extra Ordinary General Meeting is called to transact “special business.”

(iv) Meetings of debenture holders, depositors, etc. are called Creditor’s Meeting.