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
What is the prospective  why should they be liable , how the sings for emerge of ISP from the safe horbor either DMCA or Directive in Eu has been come within the court? What is

Delays: However certain standard defences knows as "essoins" caused considerable delay earlier than a case could be heard.  Now for a certain condition like the hearing of a c

Types and Classification of Law: Rules of law may be classified as like;: For Written For National and International For Public and Private For Substantive

Explain the International law International law is the body which governs State actions and its effective implementation within the States depends on the way in which States tr

Hire-Purchase Law A person who wants to buy goods through does not have the like "money consideration" prescribed through the Sale of Goods Act like their price may enter in a

As you have already learned during your tenure at Midwest Valueland (MV) and from exposure to business news, it is not unusual for leaders and managers to encounter ethical situati

Extraordinary Universal Meetings: S.132(1) provides for the convening of "extraordinary" general meeting but does not define it.  Neither is the word "extraordinary" defined i

Civil Case - African Customary Law Moreover customary law is applicable only in civil cases.  Thus the District Magistrate's Court's Act 1967, S.2 restricts the civil case

QUESTION 1 (a) Under which circumstances can banking information on customers be disclosed and at the same time not breaching the confidentiality clause of the Banking Act (

The phrase called information overload may be a bit of a problem because it used so often, but the fact remain that managers & support staff are merged in information of all kinds.