Sec 187 of the company act

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Querist : Anonymous

Querist : Anonymous (Querist)

07 June 2013 Dear sir/ madam

I want to know about sec. 187 of the compnies act, 1956 and is any sepcial formate for autorization of any person as a reprasentative on the behalf of compnay

Sanket

Sanket (Expert)

08 June 2013 If any Indian Company, which is a member of
another Indian Company, wants to appoint any
representative to attend the general meeting of
any Company, then it can do so by authorizing
any person by way of passing a Board
Resolution

Sanket

Sanket (Expert)

08 June 2013 Appointment of Representative for attending
General Meeting of Investee Companies
It was brought to the notice of the Board of
Directors that the Company has received a
Notice of Annual General meeting / Extra
Ordinary General meeting to be held on (Date,
time, venue) from a Investee Company i.e.
______ and considering the importance of the
business to be transacted in that General
Meeting, it is necessary to nominate a
Representative to attend and vote on behalf of
the company, in the General Meetings of other
Companies in which the Company may be
having investments from time to time. The
matter was discussed and upon motion passed
and seconded, it was
"RESOLVED THAT pursuant to the provisions of
Section 187 of the Companies Act, 1956, Mr. /
Ms. (Name) be and is hereby authorised as the
representatives of the Company to attend, vote
and appoint proxy(ies) at the Annual General
Meeting/Extra Ordinary General Meeting to be
held from time to time of the Investee Company
i.e. ______ as long as the Company has
investment."
If any member of a Company is a foreign
Company, then such foreign Company in order
to attend the General Meeting of the Indian
Company, has to pass a Resolution at the Board
Meeting of that Foreign Company authorizing
any person to attend the general meeting of the
Indian Company in which it has got its holdings.

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