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.
