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of <h1>Section 105 of Companies Act, 2013: Proxy Voting Rules, Penalties for Non-Compliance, and Representation Limits in Meetings.</h1> Section 105 of the Companies Act, 2013, outlines the provisions regarding proxies in company meetings. Members entitled to attend and vote can appoint proxies to vote on their behalf, but proxies cannot speak at meetings and can only vote on a poll. The section specifies that companies must prominently state proxy rights in meeting notices. Non-compliance results in penalties for company officers. Proxy appointment must be in writing and signed by the appointer or authorized representative. Members can inspect lodged proxies within a specified timeframe. The section also limits proxy representation to a maximum of fifty members or a prescribed number of shares.
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