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If you do something by proxy, you arrange for someone else to do it for you. Those not attending the meeting may vote by proxy. More Synonyms of proxy.
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.
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.
Definition. A person designated by another to attend a shareholders' meeting and vote on their behalf.
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.
One of the requirements for a valid proxy is that the unit owner must sign the proxy. Historically, unit owners would physically sign the proxy, scan it, and return it to the Association via email, fax, or other electronic means, which is perfectly acceptable.
The cardinal rules regarding issuance of a proxy are that the document must be in writing, and it must be dated and signed by the record owner or his attorney in fact. Unless indicated otherwise, the term of a proxy is 11 months from its issuance.
A proxy is customarily assigned without a Notary's stamp, requiring only the signature of the owner of the address that proxy, or substitute vote, represents. State law and most all association's governing documents specify that the association can use proxy voting.
Proxy is a stand-in for someone else, the authority to stand-in for or represent someone else, or a document giving permission for someone else to vote on your behalf. An example of proxy is someone who is named to make health care decisions for you if you are unable to do so.
Appointment of a proxy Under Section 105(1) of the Companies Act, 2013 (hereinafter, CA), any member who is entitled to attend and vote in a company meeting can appoint a proxy. However, a proxy cannot be appointed by a member of a company not having a share capital unless the Articles provide for it.