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
Describe in detail about the - policy makers Elections are used to choose the policy makers, it is not the only mechanism. Since the authority to make decisions may be vested i

Advantages of Stare Decisis - Certainty and Predictability However the doctrine of stare Decisis includes an element of certainty and uniformity in the administration and mana

Q. Describe the Cole Inquiry recommendation? In 2003 the Cole Inquiry made a range of recommendations to reform the building and construction industry. The Inquiry found that t

Technique of Reference to Arbitration Whereas a dispute may be referred to arbitration through like as; The parties in accordance by the agreement and The court wh

Advantages - Take-over bid: A non-accepting shareholder who applies to the court to set aside the proposed compulsory acquisition of his shares under s.210 will fail unless he

District Magistrate's Court - Civil Jurisdiction Conversely the civil jurisdiction of the district magistrate's courts in claims not below customary law was changed through St

Distribution of Assets A general rule the Articles of Partnership contains complete regulations like to the rights of partners in such an dissolution. Whether in the absence

Publication of Bills in the England Gazette: Such there order 98 which offers that no Bill shall be intract unless it has been published in the Gazette and a certain time of f

Explain the basic criticism of the stages framework The basic criticism of the stages framework is that it, in a formal sense, parallels the cognitive steps of the rational ap

Implementation of the international law This further leads to the issue of implementation of the international law. There are certain ways through which the international law c