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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..


SAIRAM SANKITI

SAIRAM SANKITI

CA Final

10K+

02-Dec-22

78

Answers (3)

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.


CA YOGITA HARJANI

CA YOGITA HARJANI

Faculty

07-Dec-22

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 SANKITI

SAIRAM SANKITI

CA Final

10K+

07-Dec-22

Thread Starter

SAIRAM SANKITI

Mam 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.


CA YOGITA HARJANI

CA YOGITA HARJANI

Faculty

07-Dec-22

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