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Corporate & Other Laws

Mam, i have 2 doubts. 1) can a proxy reprasenting a share holder having 5% votes + another shareholder having 15% votes demand for poll 2) who appoints scrutinizer?? >BOD or chairman.

Star Ca

CA Inter

★ 3K+

01-May-20 20:25

377

Answers (2)

(1) Proxy can represent max 50 shareholders or upto 10% voting rights. In case shareholder having more than 10% votes, the proxy of such person cannot be proxy of any other shareholder. Section 105 Therefore, In this case proxy can represent either the member with 5% votes or the member with 15% votes. In case such proxy is proxy of member having 15% votes, then poll can be demanded (because poll can be demanded by proxy representing 10% or more voting power- section 109). Whereas, proxy of member having only 5% voting power cannot demand poll alone. (2) In case of Poll (section 109) - scrutinizer appointed by chairman In case of postal ballot (section 108) and e mode voting (section 110)- scrutinizer appointed by BOD