Sanjay (Associate) (152 Points)
27 June 2017ABC private limited has 2 shareholders. Both shareholders are based out in Foreign countries and are individuals. The company has to schedule an EGM for special businesses. Can anyone please clarify if both the indivdual shareholders aoppoint 2 proxies and whther such proxies in adjourned EGM be counted as Quorum.
Karan Batra
(Creator: TheProTalks)
(2325 Points)
Replied 28 June 2017
No as per interpretation of Section 103 of the companies Act the proxies shall not be considered while calculating the quorom of a General meeting, what a proxy can do is Vote on a poll and call for a Poll. Thus as per my interpretation in your case as the minimum requirement is atleast 2 directors then both the directors should be present in the quorom however do note that quorom in a GM is only seen at the commencement of the meeting and not throughout the meeting.
Sudhir Todkar
(CS Professional)
(1021 Points)
Replied 30 June 2017
Sanjay
(Associate)
(152 Points)
Replied 30 June 2017
So for applying the exemption the application is to be made with Central Government or Regional Director or National Company Law Tribunal.
GSTR 9 and 9C for FY 23-24 as amended by Notification 12/2024 dated 10th July 2024(with recording)
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