Act says that in case of joint shareholders, aproxy will be appointed with the consent of all joint shareholders.
What happens if few appoint one proxy and others are thinking to appoint different proxy?
15 Replies
V CHANDRA SEKARA RAJU
(CA FINAL)
(908 Points)
Replied 29 November 2010
Law defines everything...
That should be followed
Don't ask this questions
Santhosh Poojary
(SIEMPRE AHÍ PARA TI)
(15607 Points)
Replied 29 November 2010
Dear Vinay.
Proxy Should be appointed with the consent of all joint shareholders.
If any one of joint holder is not agree with same proxy then they cannot appoint proxy.
In simple Word : In Case of Joint Shareholder Only One Proxy Should be Appointed with the Consent of all joint Holders.
Vinay Raja
(student-IPCC)
(704 Points)
Replied 29 November 2010
jyotsna are you sure about that, bcoz i read that all the shareholders consent is required.
Vinay Raja
(student-IPCC)
(704 Points)
Replied 29 November 2010
anymore clarifications from anyone on this!!
Vinay Raja
(student-IPCC)
(704 Points)
Replied 29 November 2010
ms.sweta
i would appreciate if this reply had something important to look into!!
(Guest)
| Originally posted by : Vinay Raja | ||
 |
ms.sweta i would appreciate if this reply had something important to look into!! |
 |
That is wat am telling you Mr Vinay
Lets Senior to Clarify the same
Even you have the option to post this query on Expert section also.
Vinay Raja
(student-IPCC)
(704 Points)
Replied 29 November 2010
| Originally posted by : Sweta Kini | ||
|
|
That is wat am telling you Mr Vinay Lets Senior to Clarify the same Even you have the option to post this query on Expert section also. |
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asking others to reply on a post that needs a clarification doesnt make sense to me, unless you had the same doubt in your mind.
Anyways thanks for the advice ms.sweta
Sunshine
(Helping All)
(10575 Points)
Replied 29 November 2010
a proxy form has to be signed by all joint shareholders.....
in case different shareholders send different proxies then the proxy of senior joint shareholder whose name is in written 1st in the list of members will be valid....
regards,
Sneha
CA Sandeep Kumar
(Audit Assistant)
(804 Points)
Replied 30 November 2010
agreed with sneha.. In case of joint holding, proxy form signed by senior member is adequate if company has adopted reg 57 of table A or similar provision.
Senior means name first mentioned as per members' register/share certificate, not as per age, etc.
Source: ICSI Guidance note on General Meetings issued in Nov 2002
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