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      Question

      A person can act as proxy on behalf of members not

      exceeding fifty and holding in the aggregate ___________________ of the company carrying voting rights
      A More than ten percent of the total share capital Correct Answer Incorrect Answer
      B More than sixty percent of the total share capital Correct Answer Incorrect Answer
      C Not more than sixty percent of the total share capital Correct Answer Incorrect Answer
      D Not more than ten percent of the total share capital Correct Answer Incorrect Answer
      E Not more than twenty percent of the total share capital 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. Companies (Management & Administration) Rules,2014: Rule 19. Proxies- (2) A person can act as proxy on behalf of members not exceeding fifty and holding in the aggregate not more than ten percent of the total share capital of the company carrying voting rights: Provided that a member holding more than ten percent of the total share capital of the Company carrying voting rights may appoint a single person as proxy and such person shall not act as proxy for any other person or shareholder.

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