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of <h1>Clause 105 of Companies Bill, 2011: Proxy Voting Rules in Company Meetings, Fines for Non-Compliance, Inspection Rights</h1> Clause 105 of the Companies Bill, 2011, pertains to the appointment and use of proxies in company meetings. Members eligible to vote can appoint a proxy to vote on their behalf, but proxies cannot speak at meetings and can only vote on a poll. The clause specifies that proxies are not applicable to companies without share capital unless otherwise stated in the company's articles. It mandates that meeting notices include statements about proxy rights and imposes fines for non-compliance. Proxies must be appointed in writing, and members can inspect proxies 24 hours before meetings with prior notice.
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