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Proxies

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..... g and shall not be entitled to vote except on a poll: Provided further that, unless the articles of a company otherwise provide, this sub-section shall not apply in the case of a company not having a share capital: Provided also 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: .....

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..... ontained in the articles of a company which specifies or requires a longer period than forty-eight hours before a meeting of the company, for depositing with the company or any other person any instrument appointing a proxy or any other document necessary to show the validity or otherwise relating to the appointment of a proxy in order that the appointment may be effective at such meeting, shall h .....

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..... rsons willing to act as proxies, if the form or list is available on request in writing to every member entitled to vote at the meeting by proxy. (6) The instrument appointing a proxy shall- ( a ) be in writing; and ( b ) be signed by the appointer or his attorney duly authorised in writing or, if the appointer is a body corporate, be under its seal or .....

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..... Notes 1. Substituted vide THE COMPANIES (AMENDMENT) ACT, 2019 w.e.f. 02-11-2018 before it was read as punishable with fine which may extend to five thousand rupees 2. Substituted vide THE COMPANIES (AMENDMENT) ACT, 2020 dated 28-09-2020 before it was read as who knowingly issues the invitations as aforesaid or wilfully authorises or permits their issue shall be punishab .....

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