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proxies

Anisha Datta (155 Points)

19 August 2018

can an outsider be a proxy in case of section 8 companies? plz reply

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Sana Sultana Mussu (Student) (5119 Points)
Replied 19 August 2018

Companies (Management & Administration) Rules,2014

(1) A member of a company registered under section 8 shall not be entitled to appoint any other person as his proxy unless such other person is also a member of such company.

(2) A person can act as proxy on behalf of members not exceeding fifty and holding in the aggregate not more than ten percent of the total share capital of the company carrying voting rights :

Provided that a member holding more than ten percent of the total share capital of the Company carrying voting rights may appoint a single person as proxy and such person shall not act as proxy for any other person or shareholder.

(3) The appointment of proxy shall be in the Form No. MGT.11.

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Anisha Datta (155 Points)
Replied 19 August 2018

ok dat means only d member can be a proxy nd not the outsider

(Guest)

A person can act as proxy on behalf of members Agreed with Sana.. Read her reply carefully

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Anisha Datta (155 Points)
Replied 20 August 2018

ok i hv read dat bt der is another qs ki can a director appoint a proxy on his behalf in the meetings of Board of Directors?

(Guest)

Any number of reasons may prevent a board director or member of a corporation from attending an important meeting, such as a special meeting or an annual meeting. The member doesn't always have to be physically present to cast a vote. Members may authorize a proxy to speak or vote on their behalf

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