Validity of proxy

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Abhijeet Deshpande (Querist)
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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?

Ajay Mishra

Ajay Mishra (Expert)
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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.

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Abhijeet Deshpande

Abhijeet Deshpande (Querist)
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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?

Ajay Mishra

Ajay Mishra (Expert)
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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.

Abhijeet Deshpande

Abhijeet Deshpande (Querist)
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27 July 2012 Thank You Sir :)

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