Wednesday 29 May 2013

PROXY

A proxy is a representative of a member, who can attend an AGM-Annual General meeting by having an authority letter from the member he is representing in the meeting.

The authority letter must be signed and duly stamped by the appointer with the mentioned date.
The Proxy is not allowed to speak at the meeting but he is eligible to demand a poll and can vote on a poll.

A Proxy cannot vote by the means of post.

Lodgement of proxy is possible 48 hours before the time of appointment of meeting.

* any representative of a body corporate or President of Country or Governor of a state will not be held as proxy, the member must be personally present in the due course of the meeting.


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