Proxies.

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....d that a proxy shall not have the right to speak at such meeting and shall not be entitled to vote except on a poll:                Provided further that, unless the articles of a company otherwise provide, this sub- section shall not apply in the case of a company not having a share capital:      Provide....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

.... not be a member.      (3) If default is made in complying with sub-section (2), every officer of the company who is in default shall be punishable with fine which may extend to five thousand rupees.      (4) Any provision contained in the articles of a company which specifies or requires a longer period than forty-eight hours before a meeting of t....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....horises or permits their issue shall be punishable with fine which may extend to one lakh rupees:           Provided that an officer shall not be punishable under this sub-section by reason only of the issue to a member at his request in writing of a form of appointment naming the proxy, or of a list of persons willing to act as proxies, if the form o....