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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.

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