Proxy restrictions limit who may serve and cap aggregate representation, preserving member only proxies for certain companies. Proxy appointments for members of not for profit companies must be made only in favour of other members; one person acting as proxy is limited in the number of members and aggregate shareholding they may represent, subject to a proviso allowing a substantial shareholder to appoint a single exclusive proxy who cannot represent others; proxy appointments must be made using the prescribed proxy form.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Proxy restrictions limit who may serve and cap aggregate representation, preserving member only proxies for certain companies.
Proxy appointments for members of not for profit companies must be made only in favour of other members; one person acting as proxy is limited in the number of members and aggregate shareholding they may represent, subject to a proviso allowing a substantial shareholder to appoint a single exclusive proxy who cannot represent others; proxy appointments must be made using the prescribed proxy form.
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