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CA Foundation · Business Laws · The Companies Act, 2013

Kaveri Motors Ltd wants to pass a resolution at a general meeting. A member, Rohit, cannot attend and wishes to appoint a proxy. Which statement is correct about proxy under the Companies Act, 2013?

A proxy may vote only on a poll and has no right to speak at the meeting. He cannot vote on a show of hands. He need not be a member, and the proxy form must reach the company at least 48 hours before the meeting.

  1. AA proxy can speak at the meeting and vote on a show of hands
  2. BA proxy can vote only on a poll and has no right to speak at the meetingCorrect
  3. CA proxy must be a member of the company
  4. DA proxy form must be deposited at least 24 hours before the meeting

Explanation

A proxy has no right to speak at the meeting and cannot vote on a show of hands; he may vote only on a poll. A proxy need not be a member. The proxy instrument must be deposited at least 48 hours before the meeting, not 24 hours.

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