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proxy
Corporate & Other Laws
A,B and C ltd are share holders in X ltd holding 2% ,8% AND 90%. Can Mr B can be appointed as a proxy on behalf of C ltd ??. Please explain with Relevent provision..
Answers (3)
CA YOGITA HARJANI Faculty
Mr. B can be appointed as Proxy for C Ltd. (Section 103 read with section 105) In that case, he will be counted as 2 entities when counting quorum.
Mam what if B holds more than 10% and C Ltd holds more than 60%
Thread Starter
SAIRAM SANKITIMam what if B holds more than 10% and C Ltd holds more than 60%
Yes. It's up to C ltd. to appoint any person as proxy.
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