banner_ad

Appointment of a person as a proxy of more than one members

Meetings 2079 views 3 replies

Dear Friends I have query regarding appointment of proxy on behalf of two or more members.

Can a person appointed as a Proxy on behalf of more than two members??

another query is - Mr. X, director, is holding directorship in 5 private companies and these 5 companies are members of Listed Company, now in this case can Mr. X can be appointed as Proxy on behalf of 5 companies for AGM of Listed Company??

 

Replies (3)

Yes one single person can attend meeting as a proxy of more than one member. In case of companies, a director can attend the meeting as a proxy duly authorised by a Board Resolution. Get the Board Resoution passed in the Private cos and send it to the Public company with the proxy forms not more than 48 hours prior to the meeting.

Kindly note that proxy dont have a right to speak during the meeting and can vote only on a poll.

Sec 187    -     Representation of corporations at meetings of companies and of creditors.

(1) A body corporate (whether a company within the meaning of this Act or not) may

 

(a) if it is a member of a company within the meaning of this Act, by resolution of its Board of directors or other governing body, authorize such person as it thinks fit to act as its representative at any meeting of the company, or at any meeting of any class of members of the company :

 

(2) A person authorized by resolution as aforesaid shall be entitled to exercise the same rights and powers (including the right to vote by proxy) on behalf of the body corporate which he represents as that body could exercise if it were an individual member, creditor or holder of debentures of the company.

 

Ttarget='_blank' rel='nofollow' hrefore in second case Mr X will be regarded as representative instead of a proxy.Even Mr. X can appoint a proxy for attending a meeting.

Query no 1 : Yes

Query no 2 : Yes


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Related Topics
Loading
Company
21 May 2026
Associate

PWC

Kolkata

CA

View Details
Company
23 May 2026
Account Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details
Company
14 May 2026
Financial Analyst - Remote Finance Expert

HiringBridge

Ahmedabad

CA

View Details
Company
01 June 2026
Audit, Taxation & Compliance Executive

R P S K & Associates

Nashik

CA Inter

View Details
Company
26 May 2026
Education Content Creator

Adyayam Education LLP

Bengaluru

CA Foundation

View Details
Company
ARTICLESHIP 09 June 2026
Article Trainee

Numbertree LLP

Mumbai

CA Inter

View Details
Company
16 May 2026
Audit clerk

mgirt & co

Bengaluru

CA Inter

View Details
Company
ARTICLESHIP 28 May 2026
Accounts, Audit & Compliance Executive

Shyam Joshi & Associates

Pune

B.Com

View Details