Tuesday, July 17, 2012

Who is a proxy?, What are the requisites of a valid proxy?

Who is a proxy?, What are the requisites of a valid proxy?

Hello dear friends here you will get Who is a proxy?, What are the requisites of a valid proxy? A proxy is a legal representative of a shareholder who is entitled to vote in a meeting on behalf of the original shareholder. To appoint a proxy a shareholder must fill the form prescribed in the schedule- I of the companies act, 1994. Requisites of a valid proxy:
1. For different meeting proxy must be appointed separately
2. Prescribed form as mentioned in the companies Act must be filled up to appoint a proxy. 
3. The original shareholder or his/her attorney must sign in the form used to appoint the proxy
4. Duly filled-up proxy form need to be submitted before stipulated time of the meeting.

Who is a proxy?, What are the requisites of a valid proxy?

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