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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

      โ€˜Companies Actโ€™ย  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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