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)

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)

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)

08 January 2014 You are welcome. keep sharing your doubts.

Thanks