explain Proxies Section 105 of the Companies Act 2013



Posted on 17-04-2016        By ADMIN



#Proxies (Section 105) - Section 105 of the Companies Act, 2013 

provides that a member, who is entitled to attend to vote, can appoint another person as a proxy to attend and vote at the meeting on his behalf. This section also provides the manner of appointing proxy. The provisions is as follows- 

Law related to proxy- 

(1) Any member of a company who is entitled to attend and vote at a meeting of the company shall be entitled to appoint another person as a proxy to attend and vote at the meeting on his behalf. 

(2) A proxy shall not have the right to speak at such meeting and shall not be entitled to vote except on a poll. 

(3) Unless the articles of a company otherwise provide, appointment of proxy shall not apply in the case of a company not having a share capital. 

(4) The section provides that the Central Government may prescribe a class or classes of companies whose members shall not be entitled to appoint another person as a proxy. 

(5) A person appointed as proxy shall act on behalf of such member or number of members not exceeding fifty and such number of shares as may be prescribed. 




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