Proxy appointment-Joint shareholders

1882 views 15 replies

Act says that in case of joint shareholders, aproxy will be appointed with the consent of all joint shareholders.

What happens if few appoint one proxy and others are thinking to appoint different proxy?

Replies (15)

Law defines everything...

That should be followed

Don't ask this questions

what a reply bro!

Dear Vinay.

Proxy Should be appointed with the consent of all joint shareholders.

If any one of joint holder is not agree with  same proxy then they cannot appoint proxy.

In simple Word :  In Case of Joint Shareholder Only One Proxy Should be Appointed  with the Consent of all joint Holders.

i m not agree wid santosh

as per Reg.57 of table -A .......proxy appointed by the holder whose name 1st appear in the register of members  will prevail 

Regards -

jyotsna

jyotsna are you sure about that, bcoz i read that all the shareholders consent is required.

i have read this in some notes ...

study module does not have something abt that so i have wrote this ....

anymore clarifications from anyone on this!!

mm Lets Seniors to Comment

ms.sweta

i would appreciate if this reply had something important to look into!!

 

Originally posted by : Vinay Raja

ms.sweta

i would appreciate if this reply had something important to look into!!

 That is wat  am telling you Mr Vinay 

 Lets Senior to Clarify the same

Even you  have the  option to post this query on Expert section also.

 

Originally posted by : Sweta Kini
 


That is wat  am telling you Mr Vinay 
 Lets Senior to Clarify the same
Even you  have the  option to post this query on Expert section also.
 

asking others to reply on a post that needs a clarification doesnt make sense to me, unless you had the same doubt in your mind.

Anyways thanks for the advice ms.sweta

a proxy form has to be signed by all joint shareholders.....

in case different shareholders send different proxies then the proxy of senior joint shareholder whose name is in written 1st in  the list of members  will be valid....

regards,

Sneha

thanks for the clarification sneha

agreed with sneha.. In case of joint holding, proxy form signed by senior member is adequate if company has adopted reg 57 of table A or similar provision. 

Senior means name first mentioned as per members' register/share certificate, not as per age, etc.

Source: ICSI Guidance note on General Meetings issued in Nov 2002

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