A managing director of Askot Sugar Mills Limited, a listed company with 6000 members, wants to convene the next annual general meeting (AGM) through video conferencing. Apprise him on the following issues in this respect

CS Executive · Company Law · PYQS · December 2024
A managing director of Askot Sugar Mills Limited, a listed company with 6000 members, wants to convene the next annual general meeting (AGM) through video conferencing. Apprise him on the following issues in this respect with reference to the provisions of the Companies Act, 2013: Can a member, unable to attend the AGM in person, appoint a proxy to attend and vote at the virtual AGM ?

Answer & Explanation:

In case of VC meetings there is no question of proxy attendance. A shareholder can himself attend the meeting from wherever he is located. Same applies to the case with e-voting. In case of e-voting also there is no proxy to vote on behalf of the shareholder. The concept of proxy is relevant only in case of a physical meeting.

Topics: General Meetings

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