New Enroll in RBI Grade B New Batch - Starts on May 21

    Question

    Under the Companies Act what does every member of a

    Producer Company receive on the share capital contributed?
    A A fixed monthly income Correct Answer Incorrect Answer
    B A limited return on their investment Correct Answer Incorrect Answer
    C A percentage of the company's profits Correct Answer Incorrect Answer
    D Either a or b or c Correct Answer Incorrect Answer
    E None of the above Correct Answer Incorrect Answer

    Solution

    A limited return on their investment, Explanation: Section 378E - Benefits to Members: (2) Every Member shall, on the share capital contributed, receive only a limited return: Provided that every such Member may be allotted bonus shares in accordance with the provisions contained in section 378ZJ.

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