Which principle reflects Rochdale Equitable Pioneers’ Co-operative Society (REPS)’s governance model?
AOne member, one vote
BVoting power based on share capital
COne vote per household
DMajority vote by founding members
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Related Questions:
Which one of the following is not a prohibition towards a banking company, under BR Act ?
- No banking company shall create any charge upon any unpaid capital of the company and any such charge shall be invalid.
- No banking company shall create floating charge on the undertaking or the property of the company, if such a floating charge is created, only with the written permission of the RBI.
- No banking company shall pay any dividend to its shares until all capitalised expenses have been completely written of.
- No banking company incorporated in India shall have a director in its board of directors, who is a director of any other bank.
- No banking company may pay dividend without writing of depreciation in the value of investment of approved securities, shares, debentures, bonds, write off bad debts if any.
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