Proxy
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
04 March 2017
Ruke 19(2) of Management and Administration Rules 2014 says
"A person can act as proxy on behalf of members not exceeding 50 and holding in the aggregate not more than 10% of total share capital of company carrying voting rights"
does it mean 10% of its paid up capital? or 10% of its authorised capital
"A person can act as proxy on behalf of members not exceeding 50 and holding in the aggregate not more than 10% of total share capital of company carrying voting rights"
does it mean 10% of its paid up capital? or 10% of its authorised capital
04 March 2017
Paid up equity share capital. Inference - section 47(1)(b).
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