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Is proxy counted in limits of quorum given U/S 104...??
Replies (3)
no dear proxy appointed by member will not be counted as quoram.
Section 103(1) specifies certain number of members required to be personally present to form quorum for a meeting. However in case of private company exemption notification dated 5.6.2015 provides that this section shall apply unless the articles of the company provide otherwise. Hence the articles of a private company may provide that members present through proxy will be counted for the purpose of quorum.
thank u soo much for ur help✌️
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