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    <title>2005 (7) TMI 366 - HIGH COURT OF BOMBAY</title>
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    <description>For jointly held shares, the first registered holder may authorise another person to vote, and that authority is valid even if executed by the first holder alone, because the voting right attaches to that holder under the articles and no special form is required for the authorisation. A power of attorney may also operate as a proxy where it substantially complies with proxy requirements and contains the necessary particulars; its label is not decisive. If the instrument authorises only a limited voting entitlement, votes beyond that limit may be excluded, but the entire vote cannot be rejected merely because some excess votes were cast.</description>
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    <pubDate>Wed, 20 Jul 2005 00:00:00 +0530</pubDate>
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      <title>2005 (7) TMI 366 - HIGH COURT OF BOMBAY</title>
      <link>https://www.taxtmi.com/caselaws?id=110122</link>
      <description>For jointly held shares, the first registered holder may authorise another person to vote, and that authority is valid even if executed by the first holder alone, because the voting right attaches to that holder under the articles and no special form is required for the authorisation. A power of attorney may also operate as a proxy where it substantially complies with proxy requirements and contains the necessary particulars; its label is not decisive. If the instrument authorises only a limited voting entitlement, votes beyond that limit may be excluded, but the entire vote cannot be rejected merely because some excess votes were cast.</description>
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      <pubDate>Wed, 20 Jul 2005 00:00:00 +0530</pubDate>
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