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sir my doubt is with regards to columbia co. M/J 21.
All “veto” rights are considered to be protective rights? or in this case its protective because it only relates to “changes in AoA and auditors matter”?
Control = you can tell the other person what to do. If you think you can tell them what to do…………it’s a subsidiary. They only expect you to write a sentence.
If you are interested in protective rights you can read the examiner’s answer – but bear in mind that candidates won’t produce all that detail.
As I keep saying – in order to pass……….explain things simply and move on. The reason that people fail is that they become obsessed with detail and then run out of time.