Dear Friends,
Iam holding 5 shares in a listed company. Can i appoint 2 proxies to attend the AGM ?
Thanks in advance.
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Can a member of a listed company appoint more than one proxy
Replies (2)
Dear friend,
Proxy means the agent appointed by the member of a company to attend and vote on his behalf but not by shares.
So, a member cannot appoint more than one proxy.
Hi
Section 176(1)(b) state that unless the Articles provide otherwise, a member of a private company shall not be entitled to appoint more than one proxy to attend on the same occasion. However, a member of a public company can appoint more than one proxy to attend and vote at a meeting instead of himself.
The person who has been authorised by the creditor company to attend a meeting of debtor company, he need not hold proxy on behalf of the creditor company and he himself can nominate a representative to vote by proxy.
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