Proxies Power
This query is : Resolved
10 August 2009
Please Clarify anyone -
In the Annual General Meeting proceedings,What is the powers/ rights of Proxies
- Can they speak on the debate(on the motion) ?
- Can One person represent as proxy for more than twenty members ?
-Proxies position-- Any proposal from the Member for the appointment of independent Director u/s 257(1) of the Companies Act( without the recommandations from the board)?
Thanks in advance
Varathan
In the Annual General Meeting proceedings,What is the powers/ rights of Proxies
- Can they speak on the debate(on the motion) ?
- Can One person represent as proxy for more than twenty members ?
-Proxies position-- Any proposal from the Member for the appointment of independent Director u/s 257(1) of the Companies Act( without the recommandations from the board)?
Thanks in advance
Varathan
10 August 2009
Hi,
1. A proxy, being a representative of a member, cannot participate in the proceedings or speak unless the Articles otherwise provide. He cannot vote on a show of hands. He can, however, vote if a poll is demanded. He can also demand a poll.
2. Yes. One person can represent as proxy for more than twenty members as there is no prohibition in law.
3. Please explain your 3rd query.
Regards
1. A proxy, being a representative of a member, cannot participate in the proceedings or speak unless the Articles otherwise provide. He cannot vote on a show of hands. He can, however, vote if a poll is demanded. He can also demand a poll.
2. Yes. One person can represent as proxy for more than twenty members as there is no prohibition in law.
3. Please explain your 3rd query.
Regards
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10 August 2009
Thanks for your reply. My 3 rd question is-
One Member is given a notice to the Public Ltd Co., u/s 257(1) of the Companies Act, to appoint him as independant Director in the AGM,(with a fee of Rs.500/-) against the wishes of the present management.
Will the Proxies participate in the motion or not?
One Member is given a notice to the Public Ltd Co., u/s 257(1) of the Companies Act, to appoint him as independant Director in the AGM,(with a fee of Rs.500/-) against the wishes of the present management.
Will the Proxies participate in the motion or not?
10 August 2009
As mentioned earlier in my reply there are certain restrictions on proxy's power:
Yes he can vote.
But he cannot vote on a show of hands. He can, however, vote if a poll is demanded.
Regards
Yes he can vote.
But he cannot vote on a show of hands. He can, however, vote if a poll is demanded.
Regards
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