A member may appoint a proxy to attend and vote at a general meeting. A single proxy can represent at most:
A50 members holding in aggregate not more than 10% of voting share capital
B25 members
C10 members
DAny number, no cap
Answer & Solution
Correct answer: A. 50 members holding in aggregate not more than 10% of voting share capital
1. Section 105 — a single proxy can act for ≤50 members aggregating to ≤10% of voting capital.
2. Beyond that, the proxy can act for only one member.
3. Hence (C).
_Source: ICAI BoS CA Inter Paper 2 — Management and Administration_