Business Studies

State the following statements is True or False:
A person appointed by a member to attend and vote at meeting is known as proxy.


ANSWER

True


SOLUTION
According to the Companies Act, any member of a company entitled to attend and vote at a meeting of the company shall be entitled to appoint another person as a proxy to attend and vote at the meeting on his behalf. Provided that a proxy shall not have the right to speak at such meeting and shall not be entitled to vote except on a poll.
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TRUE/FALSE Medium Published on 18th 08, 2020
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