I'm currently studying generalized linear systems of the form
$Ey^{\prime}(t) = Ay(t) + Bu(t)$
with controllability pencil pencil $\left[ sE-A \quad B \right]$. In here it is said that $(E,A,B)$ is controllable if the controllability pencil has no finite or infinite zeros. But I miss a definition for infinite and finite zeros and I couldn't find a fiting one.
For some reason, this is not defined in the paper and it is also not defined in many of the papers I have looked at.
In any way, a finite zero for the pencil $\left[ sE-A \quad B \right]$ is a value for $s\in\mathbb{C}$ for which $\left[ sE-A \quad B \right]$ has a rank drop. On the other hand, an infinite zero is when $\left[E \quad B \right]$ has a rank drop.
To formulate a more self-contained answer, let us define the descriptor system $(E,A,B)$ as
$$ E\dot{x}=Ax+Bu\qquad\qquad(1) $$
The system $(E,A)$ is said to be regular if $\det(sE-A)$ is not identically zero.
Therefore the result you state can be reformulated as: The regular system $(E,A,B)$ is completely controllable if and only if
The first condition states that the slow subsystem of $(E,A,B)$ is controllable, whereas the second one states that the fast subsystem is controllable.
We may ask the question of stabilizability. The system $(E,A,B)$ is said to be stabilizable if there exists a control law $u=Kx$ such that the system $(E,A+BK)$ is stable.
A necessary and sufficient condition for the regular system $(E,A,B)$ to be stabilizable is that
$$ \mathrm{rank}[sE-A\quad B]=n\ \mathrm{for\ all\ }\Re[s]\ge0. $$