What is the legal function of a proxy at a company meeting?
Correct answer: A. To attend and vote on behalf of a member
- A. To attend and vote on behalf of a member
- B. To audit the company’s financial statements
- C. To register a company with the regulator
- D. To replace the company secretary permanently
Explanation
A proxy is appointed by a member to attend and vote for that member at a meeting, subject to the applicable rules. A proxy does not become the company’s auditor or a permanent office holder.
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About Company Law Basics
Company law covers incorporation, separate legal personality, limited liability, shares, the memorandum and articles of association, and the powers and duties of directors. It also includes shareholder meetings, resolutions, company records, audit, winding up and the differences between a registered company, partnership and sole proprietorship.
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