proxy of member

211 views 2 replies
can a person act as proxy of more than one member
Replies (2)
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)
(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.


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register