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A proxy is someone who attends a general meeting and votes in place of a member of the company. Every member of a company has a statutory right to appoint a proxy.
Yes, it is legal to use a proxy server. Proxies have many different uses, including enabling remote work; setting up a support system for users who are located outside a particular network; protecting networks and Internet users from malicious content; streaming online content from outside a country and more.
There are very limited rights bestowed upon a proxy. He can attend the meeting for which he has been appointed. He can vote in the meeting only on a poll as per proviso to Section 105(1) of CA. If he fulfils the eligibility under Section 109 of CA, then the proxy may even demand a poll as a matter of right.
What Is a Proxy? A proxy is an agent legally authorized to act on behalf of another party or a format that allows an investor to vote without being physically present at the meeting.
Directed Proxy means a form of proxy in which the appointing Member directs the voting of the person appointed as that Member's proxy in relation to some or all resolutions to be put to the meeting which the proxy will attend.
A shareholder proxy is an individual with legal authorization to vote on behalf of a company's shareholder during an annual meeting.
A proxy may in law be either general or special. A general proxy authorizes the person to whom it is entrusted to exercise general discretion throughout the matter in hand, while a special proxy limits the authority to some special proposal or resolution.
Definition. A person designated by another to attend a shareholders' meeting and vote on their behalf. A proxy can be revoked at any time by the grantor, unless it has been coupled with an interest.
There are very limited rights bestowed upon a proxy. He can attend the meeting for which he has been appointed. He can vote in the meeting only on a poll as per proviso to Section 105(1) of CA. If he fulfils the eligibility under Section 109 of CA, then the proxy may even demand a poll as a matter of right.
A proxy server is a system or router that provides a gateway between users and the internet. Therefore, it helps prevent cyber attackers from entering a private network. It is a server, referred to as an intermediary because it goes between end-users and the web pages they visit online.