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Can a member of a listed company appoint more than one proxy

CS Arjun Rajagopal (B.com, ACS) (1056 Points)

30 June 2013

Dear Friends,

Iam holding 5 shares in a listed company. Can i appoint 2 proxies to attend the AGM ?

Thanks in advance.

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2 Replies

umaa's legal clinic (simple solutions for complex legal issues) (165 Points)
Replied 02 July 2013

Dear friend,

Proxy means the agent appointed by the member of a company to attend and vote on his behalf but not by shares.

So, a member cannot appoint more than one proxy.

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Ajay Mishra (Company Secretary) (74337 Points)
Replied 02 July 2013

Section 176(1)(b) state that unless the Articles provide otherwise, a member of a private company shall not be entitled to appoint more than one proxy to attend on the same occasion. However, a member of a public company can appoint more than one proxy to attend and vote at a meeting instead of himself.

The person who has been authorised by the creditor company to attend a meeting of debtor company, he need not hold proxy on behalf of the creditor company and he himself can nominate a representative to vote by proxy.