Q.Write short notes on "Proxy".

A proxy is a representative appointed in writing by a member to attend and vote at a company meeting on his behalf; the term also means the instrument of appointment.

At general meetings of a company, a member who is entitled to attend and vote but is unable to be present in person may appoint another person to act for him. This arrangement is called proxy, a topic in the Company Management chapter of the Tamil Nadu HSC Class-12 Commerce syllabus.

Key points about a proxy:

• It is an appointment made in writing by a member (the appointer).
• The word 'proxy' means both the appointed person and the proxy form (the instrument of appointment).
• The proxy form must be signed and deposited with the company usually at least 48 hours before the meeting.
• A proxy need not be a member of the company. …