New Enroll here to Join NaBFID Analyst Into Class on May 6

    Question

    According to the Companies Act in a case where the

    membership of a Producer Company consists of individuals and Producer Institutions, the voting rights shall be computed on the basis of ___________________
    A Each individual Member and Producer Institution gets one vote each Correct Answer Incorrect Answer
    B Each individual Member gets one vote, and each Producer Institution gets two votes Correct Answer Incorrect Answer
    C Voting rights are determined based on the participation of each member in the business of the Producer Company in the previous year Correct Answer Incorrect Answer
    D Voting rights are based on the number of shares held by each individual and each Producer Institution Correct Answer Incorrect Answer

    Solution

    Section 378D - Membership and voting rights of Members of Producer Company: (1) (c) In a case where the membership consists of individuals and Producer Institutions, the voting rights shall be computed on the basis of a single vote for every Member.

    Practice Next