CS CHARU VINAYAK
Quick Summary
A proxy is a person, who is appointed by a member to attend and vote at a meeting in the absence of the member. Thus proxy may be the agent or any other person authorized of the member of the company who is appointing him. The term proxy is also used to refer to the instrument by which a person is a
Daily Limit Reached
You have reached your daily limit of 2 Free Articles
Subscribe to CCI PRO for unlimited access
Why Upgrade to CCI PRO?
- No Ads
- WhatsApp Broadcasts
- Daily E-Newsletter
- Unlimited Articles Access
BEST VALUE
2 YEAR PLAN
3,499
(Inclusive of GST)
1 YEAR PLAN
1,999
(Inclusive of GST)
View all CCI PRO benfits
Already a PRO member? Login here for an ad-free experience.
FAQ :
A proxy is a person appointed by a company member to attend and vote at a meeting on their behalf. The term also refers to the document used for this appointment.
Any member of a company who is entitled to attend and vote at a meeting can appoint another person as a proxy to attend and vote for them.
No, a proxy cannot vote on a show of hands. They can only vote on a poll.
A proxy can act on behalf of a maximum of fifty members, holding no more than ten percent of the total share capital with voting rights. However, a member holding over ten percent can appoint a single person as proxy for their entire shareholding, provided that person doesn't act for anyone else.
Proxy forms must be deposited with the company at least 48 hours before the meeting. Any articles requiring a longer period will be treated as if 48 hours were specified.
If a member attends the meeting themselves after appointing a proxy, it automatically revokes the proxy appointment. However, once a proxy has voted, their vote cannot be revoked.
CAclubindia
