Validity of proxy
This query is : Resolved
27 July 2012
Hello,
As per the board resolution of XYZ Ltd. Mr. A, Mr. B & Mr. C (all three are directors) are appointed to represent company at various meetings held by & for company.
XYZ has an investment in say 10% of share capital of M Ltd. For the AGM of M Ltd, to be held at July end, XYZ Ltd. appoints Mr. D as a proxy.
Is this appointment of Mr. D valid? Can a director appoint proxy?
As per the board resolution of XYZ Ltd. Mr. A, Mr. B & Mr. C (all three are directors) are appointed to represent company at various meetings held by & for company.
XYZ has an investment in say 10% of share capital of M Ltd. For the AGM of M Ltd, to be held at July end, XYZ Ltd. appoints Mr. D as a proxy.
Is this appointment of Mr. D valid? Can a director appoint proxy?
27 July 2012
Hi
Yes, you can do so, you can authorise any person to represent a company in any general meeting, if such person is authorised by Board of Directors.
Such authorise person present the proxy form signed by him/her along with certified copy of Board Resolution to appear in AGM before 48hrs.
Yes, you can do so, you can authorise any person to represent a company in any general meeting, if such person is authorised by Board of Directors.
Such authorise person present the proxy form signed by him/her along with certified copy of Board Resolution to appear in AGM before 48hrs.
Message likes :
1 times
27 July 2012
Dear Sir,
Thank You for your reply.
But as per the proxy forms verified and resolution attached, Mr.D was not in the representation list of XYZ Ltd. Inspite of this, can he be appointed as a proxy?
Thank You for your reply.
But as per the proxy forms verified and resolution attached, Mr.D was not in the representation list of XYZ Ltd. Inspite of this, can he be appointed as a proxy?
27 July 2012
Hi
It is not necessary that Mr. D should be director of the company. It may be any person whether he is director or not.
It is not necessary that Mr. D should be director of the company. It may be any person whether he is director or not.
27 July 2012
Thank You Sir :)
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- CG Tax On residential property
- Post Office RD Interest
- Applicable TDS for Purchase of Flat from NRI
- Eway bill for machinery reparing
- Claiming exemption of perquisite for employee-owned car under New Tax Regime in ITR-2
- ITR 3 FILING OF AN INDIVIDUAL (PARTNER IN A PARTNERSHIP fIRM)
- Gift of mutual fund units to daughter
- NRI ITR2 account in 2025-26 ,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,.
- Form 10BD Filling
- Reporting of STCG on Property in ITR
- Not able to file ITR
- Delisted shares sold in off market/ Rebate u/s87A
- In Exports Sales HSN details where to fill
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- Difference in tax comparison report
- Gst invoice numbering and delivery challan numbering
- Sales amount in Gstr1
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
