in sec 8 company proxy needs to member of same sec 8 company or different sec 8 company??
eg any abc club hold share in xyz ltd.for appointing proxy by abc club proxy need to be member of abc club or different sec 8 company
1.As per rule 19 of company(management and administration) rules 2014 which clearly says about only those members can be appointed as proxy who is also member of same section 8 company to participate on behalf of the member of same sec-8 co. To participate in meetings of members of that sec-8 co.
2.now the second part of your query has different perspective that means the meeting of members of other company for which appointment of proxy supposed to do on , sec 8 co. being the member of other co. and for participation in the members meeting,section 8 company can authorise any person by way of passing board resolution by the section 8 co.. Read with section 113 of the companies Act, 2013.
Hope so this add some clarity.
CAclubindia
