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    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

    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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