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proxy of member

Nahyan Ac (9 Points)

16 January 2019

can a person act as proxy of more than one member

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2 Replies

Trex Gaming_67 (243 Points)
Replied 16 January 2019

Yes. He can be a proxy for 50 members or he can be a proxy for a maximum of 10% of share capital (refer section 105 of COMPANIES ACT)

Moin Ali (33 Points)
Replied 17 January 2019

(As per section 105 of companies Act, 2013)
1. A proxy can act on behalf of maximum 50 members holding aggregate 10% or less total share capital of the company.

2. If a single member holding more than 10% of total share capital,then a single person can act as proxy on behalf of that particular member and not act as proxy for any other member.