New Register for Workshop on How to start for NABARD 2025 (Stepwise Plan) - Apr 26, 7 PM

    Question

    What does Special Right under section 378ZC means under

    Companies Act?
    A Any right relating to the supply of additional produce by the inactive Member Correct Answer Incorrect Answer
    B Any right granted to an inactive or active member for participating in board meetings Correct Answer Incorrect Answer
    C Any right granted to members to purchase additional company shares at a discounted price Correct Answer Incorrect Answer
    D Any right relating to supply of additional produce by the active Member or any other right relating to his produce which may be conferred upon him by the Board Correct Answer Incorrect Answer

    Solution

    Section 378ZC.Special user rights: Explanation—For the purposes of this section, the expression “special right” means any right relating to supply of additional produce by the active Member or any other right relating to his produce which may be conferred upon him by the Board.

    Practice Next