Correct the underlined word and rewrite the following sentences.

1) Statutory companies are registered under the Companies Act.
Ans:- Statutory companies are registered under a special act passed by the central or state legislative.

2) A Subsidiary Company holds more than half of the total share capital of another company.
Ans:- A holding company holds more than half of the total share capital of another company.

3) A private Company must have minimum 7 Members.
Ans:- A private Company must have minimum  2 Members.

4) A public Company can have maximum 200 Members.
Ans:-  A private company can have maximum 200 Members.