10 November 2009
In a Pvt Ltd. Company in an Extraordinay General Meeting a member has given two proxy forms to two different persons and submitted both proxy forms in the office before 48 hours. Now which proxy form will be valid.
10 November 2009
well according to section 176 a member can appoint more than one proxy if only if that person holds more than one share. being a private company, check your aritcles whether it restrict this right by providing an appropriate provision in its articles that a member can appoint one proxy for one occasion i.e. one meeting.
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