Question

A person appointed as proxy shall act on behalf of such member or number of members _______________ and such number of shares as may be prescribed

A Exceeding fifty Correct Answer Incorrect Answer
B Exceeding fifty-five Correct Answer Incorrect Answer
C Not exceeding fifty Correct Answer Incorrect Answer
D Not exceeding fifty-five Correct Answer Incorrect Answer
E As the Board may decide in its meeting Correct Answer Incorrect Answer

Solution

Explanation: Section 105. Proxies: (1) Provided also that a person appointed as proxy shall act on behalf of such member or number of members not exceeding fifty and such number of shares as may be prescribed.

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