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yamin

bisuness

131 Points Posted on 22 December 2007

we all know that for the purpose of the no. of members in the pvt comp joint holders are treated as a single member...

so my confusion is what if the joint holders appoint two different persons as their proxy....which 1 will prevail as the proxy

for this purpose i believe that joint holders needs to act jointly......pls clear my point

n do the answer will change if this is the case of the public company...???

Replies (2)

astha

CA CS

85 Points Posted on 24 December 2007

In case joint holders appoint two different persons as their proxy, then the proxy appointed by that member whose name appears first in the Register of Members shall be valid. This holds good for both Public and Private Co. However it should be noted that the proxy should be appointed at least 48 hrs before the meeting. Otherwise it would be considered as invalid. I hope i have been able to clear ur doubt.

astha

CA CS

85 Points Posted on 24 December 2007

In case joint holders appoint two different persons as their proxy, then the proxy appointed by that member whose name appears first in the Register of Members shall be valid.
This holds good for both Public and Private Co.
However it should be noted that the proxy should be appointed at least 48 hrs before the meeting. Otherwise it would be considered as invalid.
I hope i have been able to clear ur doubt.