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In Connection with Company Meetings, Write Short Notes on : Proxy - Business Studies

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Question

In connection with company meetings, write short notes on :
Proxy

Short Note

Solution

Proxy means substitute. Section 176 of the Companies Act provides that any member entitled to attend and vote a meeting of the company is entitled to appoint another person (whether a member or not) to attend a meeting and to vote instead of himself. A proxy so appointed shall not make any request to speak at the meeting.

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2013-2014 (March) Set 1

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