As per Section 176 (1)(c )of the Companies Act, 1956 a proxy is not entitled to vote except on poll unless the articles otherwise provide. So if articles provides so a proxy can vote otherwise also than on poll.
But now as per Section 105 ( Provison 2 of subsection 1 of Section 105 ) of Companies Act, 2013 a proxy shall not be entitled to vote except on poll . Nothing has been specified unless as per articles provide . So does it mean that proxy is not entitled to vote otherwise also than on poll even if articles so provide for the same .
Please reply. Thanks

Dear all please ressolve my query as i want to know whether a transfree company can issue share at premium to tranferor company in case of 'Merger'

sir,
as per provision of section 180 of companies act 2013, every company has to seek special permission from members if borrowing exceeds paid up capital , free reserves and already taken borrowings...
in case of private company:
1.is there any %limit for borrowing.
2. what should be done in case the borrowing already exceeds the said limit.
3. loans from director/ related party/ inter corporate borrowings shall be included or excluded and upto what extent while calculating the limit.

I am forming a LLP in which 3 partner and 1000 menber.
So what are the detail abt the 1000 menber should be given in the agreement & what will be the format.

Dear all,

I want to know in following case there is any holding-subsidiary relationship or not ?

Case:-
A ltd is holding 48% in B ltd and B ltd is holding 6.5% in A ltd. In both companies there are three directors and out of them two directors are same in both companies.

My question is that- criteria of holding more then 50% is not fulfill so this criteria is not applicable. another criteria is having control in majority composition of director. so if more then 50% directorship is same then can it be treated that control and management is same ?

Thank you so much in advance.........

Hi.. Can you please tell me the impact of, a Director of a Company being absent for more than 5 times consecutively in Board Meetings of a Private Co.?

Can a US LLC Invest in an Indian LLP as a promoter partner ?

As per FDI Policy , Foreign Institutional Investors (FIIs) and Foreign Venture Capital Investors (FVCIs) can not make investments in LLP ?

If allowed to invest in LLP, what are all the steps which are needed to be followed ? (such as SEBI, FEMA and LLP Act)


Does an US LLC fall under the above FIIS category ?

I have filed form 1A and name gets approved. But I had choosen state Haryana instead of Delhi . please suggest me about this

when did the companies act 2013 will applicable for Ca Final Exam

Dear Expert,
Please help! I knw a few student group who wants to publish a magazine in Kolkata.Since all are basically students, so they want to get it done with minimum capital base.

Please Suggest the required procedure