Question
Consider the following statements regarding member
rights under the Companies Act, 2013: Statement 1: Every member has a right to attend and vote at General Meetings of the company. Statement 2: A member can appoint a proxy to represent them at General Meetings. Statement 3: Members holding 10% of share capital can demand a postal ballot. Statement 4: A member cannot exercise voting rights if they have a conflict of interest in a particular resolution. Which statements are correct?Solution
Member rights under the Companies Act provisions. Statement 1 is correct—members have fundamental voting rights. Statement 2 is correct—proxy appointment is permitted (Section 105-106). Statement 3 is correct—Section 108 provides for postal ballot (renamed e-voting) when requested by members holding 10% share capital. Statement 4 is incorrect—unlike directors, ordinary shareholders can vote even if they have interest in a resolution; only directors must recuse themselves from voting on interested matters. Statements 1, 2, and 3 are correct.
In ______, the difference between the height of the left sub tree and height of the right tree, for each node, is almost one
Define Mapping Process?
What is the primary purpose of RAID (Redundant Array of Independent Disks) technology?
In C programming, which header file is commonly used to work with DMA?
CDMA is a communication technique that allows multiple users to share the same frequency band simultaneously by using unique codes to differentiate the...
PGP is abbreviated as _______________
What does A/B testing involve in data analytics?
Which classic dynamic programming problem involves finding the shortest path in a weighted, directed graph?
Amongst which of the following is / are the Numeric Types of Data Types?
Which of the following are the layers of a data warehouse?
Relevant for Exams:
