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Business Studies

Features and Types of Co-Operative Societies

Proxy must be...

Question

Proxy must be a member of the company.

A

True

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B

False

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Solution

The correct option is B False
True , a proxy is a person who is designated by a member of the company to attend a general meeting and vote in place of that member. Proxy must be a member of the company.

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A proxy form must be deposited in the company office at least ______ hours before the meeting.

Q. The instrument appointing a proxy must be deposited with the company not less than _______ days before the meeting.

Q. Fill in the blanks:
(a) A company is legally _______ from its members.
(b) Liability of every member in a company is _________.
(c) Registration of a company is _________.
(d) A company is managed by a _______.
(e) In a private company, there must be at least ________ members.
(f) A company has _______ succession.

In a private company, how many members must sign Memorandum of Association?

In a public company, how many members must sign the Memorandum of Association?

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