Meaning: A proxy is a person, being a representative of a shareholder at a meeting of the company who, may be described as his agent to carry out which the shareholder has himself decided upon.
Who can appoint a proxy?
The shareholder and member of a company.
Who can be appointed as proxy?
Any person whether he is a member of the company or not.
How to appoint a proxy?
Proxy is always appointed in written form and should be signed by the member and duly stamped.
Time for lodging the proxy form: Before forty eight hours of the meeting
Right of the proxy:
- Attending the meeting
- Right to vote in the meeting.
Proxy of the company board corporate: in this case proxy takes part in the discussion and gives opinion on behalf of the company in the meeting.
Proxy in the case of the company is appointed by the president and then only he is given the right to take part in the opinion of the meeting.
Can proxy be revoked?
Yes, proxy can be revoked, only the person who has appointed the proxy can revoke him.
Type of proxy: There are two types of proxies.
One the general proxy and the other is the special proxy.
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