Chairman - meetings and resolutions, Business Law and Ethics

PROXIES - meetings and resolutions:

By S.136(1), any member of a company entitled to attend and vote at a meeting of the company shall be entitled to appoint one more person (whether a member or not) as his proxy to attend and vote instead of him.  A proxy appointed to focus and vote instead of a member of a private company shall also have the same right as the member to speak at the meeting.

However, unless the articles otherwise provide -

(i) No proxy shall be appointed by a member of a company not having a share capital; and

(ii) a member of a private company shall not be entitled to appoint more than one proxy to attend on the same occasion; and

(iii) a proxy shall not be entitled to vote except on a poll.

By S.136(2), every notice of a meeting must state the member's right to appoint a proxy or proxies and that they need not be members.  If default is made in complying with this subsection as respects any meeting every officer of the company who is in default shall be liable to a fine not exceeding Shs.1,000.

S.136(3) renders void any provision contained in a company's article requiring the instrument appointing a proxy to be received through the company or any other person more than 48 hours before a meeting or adjourned meeting in order that the appointment may be effective thereat.

Posted Date: 1/12/2013 5:42:23 AM | Location : United States







Related Discussions:- Chairman - meetings and resolutions, Assignment Help, Ask Question on Chairman - meetings and resolutions, Get Answer, Expert's Help, Chairman - meetings and resolutions Discussions

Write discussion on Chairman - meetings and resolutions
Your posts are moderated
Related Questions
Illustrate the example for Policy Convergence Suppose there are two candidates, with known positions, policy proposal p A and policy proposal p B , representing policy offers

Define the principle of prescription Prescription   (res  nullius-an  asset susceptible of acquisition but presently under the ownership or sovereignty of no legal person). Pr

The work of the International Labour Organisation in regard to the adoption and implementation of Conventions and Recommendations involves Member States in a number of constitutio

Conrad put an advertisement in a newspaper on 19 November offering to sell his motor boat for $35,000. On 21 November, Joe rang Conrad and said he was prepared to pay $30,000 for t

Question 1: Write brief notes on the following contractual terms:- (a) How an offer differ from an invitation to treat. (b) The principles governing goods wh

When was International Criminal Court for Rwanda established Moreover, in early 1990s the International Criminal Tribunal for Yugoslavia (ICTY) was established under UNSC Resol

Usual business at an annual general meeting: The registrar is not bound to call or direct the calling of the meeting but, in the event of his refusing to do so, the aggrieved

Assignments submitted after the due date in the absence of an extension will incur a marking penalty. An extension must be applied for in writing before the due date. Extension app

RULE IN FOSS v HARBOTTLE:  What has come to be recognized in company law as "the rule in Foss v Harbottle" is the decision of Vice-Chancellor Wigram in the case of Foss v Harb

Ethics The influence of personal ethics on workplace behaviour. (a) Explain in relation to the organisation you researched in Section A of this report why managers should use ethi