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proxy
preference shareholder can appoint proxy ?
Replies (3)
Basically Preference share holders won't have any voting rights.They can attend the meeting only when decision affect Right of Preference share holders.Yes,if it affects preference share holders rights then he has a right to Participate in meeting and also HE HAS RIGHT TO APPOINT PROXY.
Thanks sir
Refer Sec 105..
Facts abt Proxy:
Proxy- Right of Member
Available to- Members having voting rights
Eligible Company- Co Ltd by Share Capital
Form No- MGT 11
Cannot become proxy for more than 50members
Cannot hold proxy on behalf of More than 1 person if that person holds 10% or above Paid up share capital
For further queries refer Sec 105 of Co Act 2013
Facts abt Proxy:
Proxy- Right of Member
Available to- Members having voting rights
Eligible Company- Co Ltd by Share Capital
Form No- MGT 11
Cannot become proxy for more than 50members
Cannot hold proxy on behalf of More than 1 person if that person holds 10% or above Paid up share capital
For further queries refer Sec 105 of Co Act 2013
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