Why more than one proxy in gm??

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Querist : Anonymous

Querist : Anonymous (Querist)

07 January 2014 "As per section 176(1)(b) unless the Articles provide otherwise, a member of a private company is not entitled to appoint more than one proxy. However, a member of a public company can appoint more than one proxy to attend and vote at a meeting."

But why do any member of public or private company would require to appoint MORE THAN ONE PROXY?? Please help!!

Ankur Garg

Ankur Garg (Expert)
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07 January 2014 It is simple.

If person named first as proxy unable to attend meeting, then person named second as proxy will attend the meeting.

Thanks

Querist : Anonymous

Querist : Anonymous (Querist)

07 January 2014 Thanks Sir! But does it mean that in case of a pvt co. once proxy appointed and if he is unable to attend, member can't do anything??

Ankur Garg

Ankur Garg (Expert)
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08 January 2014 Yes my friend.

Rights of a private company are restricted in this regard.

Regards
Ankur

Querist : Anonymous

Querist : Anonymous (Querist)

08 January 2014 Thanks a million Sir! This was troubling me a lot!

Ankur Garg

Ankur Garg (Expert)
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08 January 2014 You are welcome. keep sharing your doubts.

Thanks