Proxy has no right to speak at the meeting.
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True
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False
Reveal answer
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A
Correct answer
Explanation
This statement is True because of the following reasons :
(i) Proxy means a person appointed by a member of a public limited company to attend and vote on his behalf at the meeting.
(ii) A proxy can be an outsider.
(iii) Under Section 176 of the Companies Act, 1956, a proxy cannot speak in-the meeting.
(iv) He is not allowed to take part in the discussion at the meeting.
(v) He is appointed as a substitute of a member only for the purpose of voting on behalf of a member.
(vi) A proxy can vote only when a poll is taken.
(vii) When a poll is taken, a proxy's vote is a valid vote.
(viii) The information about the appointment of a proxy must be given to the company in a prescribed form 48 hours before the meeting.
(ix) Hence, a proxy has no right to speak at the meeting.