present Director Can be the authorised representative under

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This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

03 February 2011 Can any on tell me it is possible that a co. Have 2 Company shareholder and these two Companies has authorised those persons to attend Agm and other meeting on its behalf who are also the Director of the First mentioned Co.

Jayashree S Iyer

Jayashree S Iyer (Expert)

03 February 2011 Yes. It is possible to have 2 corporates as shareholders and these corporates can authorise its representatives to attend meetings and also appoint directors.

Querist : Anonymous

Querist : Anonymous (Querist)

03 February 2011 My query is:
Suppose there are 3 Cos. ie. A B & C. Company A has two Directors i.e. Y & Z. and B & C are the Shareholders of A.

B has authorised to attend meeting under Sec 187 to y & C has authorised to Z.

When i m preparing AGM minutes then Directors and Shareholder,s representative are same persons bit is possible or any violation in this acse is involved

Sunil Kr. Sanganeria

Sunil Kr. Sanganeria (Expert)

03 February 2011 No Problem. A Director can also be shareholder of the Company

In member present column you may write as follows:

Member Present:

1. B Director and shareholder
1. c Director and shareholder

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