1.

State the legal provisions regarding Proxy.

Answer»

Legal Provisions regarding Proxy are as follows:

  • Appointment: Any member of a company entitled to attend and vote at the meeting shall be entitled to appoint a proxy to attend and vote at the meeting on his behalf. A minor cannot be appointed as a proxy. The proxy cannot be appointed for the Board Meeting. The appointment of a proxy is valid for an adjourned meeting.
  • Right: A proxy is not allowed to speak at the meeting. The proxy can vote only on resolutions passed by voting by poll.
  • Membership: A person appointed as a proxy need not be a member of the company.
  • Proxy form: A member appointing a proxy must submit a duly completed proxy form in the registered office of the company at least 48 hours before the meeting.
  • Inspection: A member can inspect any proxy form by giving not less than three days’ notice to the company.


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