A proxy server acts as an intermediary, receiving data from remote servers and forwarding it to your computer. In a corporate context, a proxy is an appointed representative who can vote on behalf of a member at a meeting, typically via polling. This representative must be notified to the company 48 hours in advance, cannot ask questions, and there's a limit of one proxy per 50 members. Failure to comply with these rules can result in a fine of up to ₹5000.
Proxies are the person appointed by the company or member to attend or vote in the meeting on behalf of the member, proxies are entitled to Vote only through polling. a proxy must be intimated to the company before 48 hrs of commencement of the meeting, a proxy cannot rise or ask questions in the meeting, there can be one proxy for every 50 members of the company. if a company or any member default the section rules he maybe fined upto₹5000.