Question

Explain the following limitation of a company (a) lack of secrecy (b) impersonal work environment (c) numerous regulations (d) oligarchic management (e) conflict in interests​

Answer 1

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Complexity in formation : The formation of a company is a very time consuming, expensive and complex process.

Lack of secrecy : The Companies Act has made it compulsory for a public company to provide a lot of information to the public as well as to the office of the Registrar of Companies from time to time.