PQR Ltd. is holding 33% of the paid-up equity capital of the Koya Stock Exchange. The company appoints MNL Ltd. as its proxy who is not a member of the Koya Stock Exchange, to attend and vote at the meeting of the stock exchange. Examine whether the Koya Stock Exchange can restrict the appointment of MNL ltd. as a proxy for PQR Ltd. and further restrict, the voting rights of PQR Ltd. in the Koya Stock Exchange.

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The detailed answer for the above question is provided below Section 7a of the Securities Contracts ... View the full answer