Corporations Act 2001

CHAPTER 2G - MEETINGS  

PART 2G.2 - MEETINGS OF MEMBERS OF COMPANIES  

Note: This Part does not apply to a CCIV or its members. Instead, section 1228A applies a modified version of Part 2G.4 .

Division 6 - Proxies and body corporate representatives  

SECTION 249X   WHO CAN APPOINT A PROXY (REPLACEABLE RULE FOR PROPRIETARY COMPANIES AND MANDATORY RULE FOR PUBLIC COMPANIES - SEE SECTION 135)  

249X(1)   [ Appointment of proxy]  

A member of a company who is entitled to attend and cast a vote at a meeting of the company's members may appoint a person as the member's proxy to attend and vote for the member at the meeting.

249X(1A)   [ Individual or body corporate]  

The person appointed as the member's proxy may be an individual or a body corporate.

Note: A body corporate may appoint a representative to exercise the powers that the body corporate may exercise as the member's proxy, see section 250D .

249X(2)   [ Proportion or number of votes]  

The appointment may specify the proportion or number of votes that the proxy may exercise.

249X(3)   [ Members' entitlement to appoint proxies]  

Each member may appoint a proxy. If the member is entitled to cast 2 or more votes at the meeting, they may appoint 2 proxies. If the member appoints 2 proxies and the appointment does not specify the proportion or number of the member's votes each proxy may exercise, each proxy may exercise half of the votes.

249X(4)   [ Fractions of votes]  

Disregard any fractions of votes resulting from the application of subsection (2) or (3).


View surrounding sectionsView surrounding sectionsBack to top


This information is provided by CCH Australia Limited Link opens in new window. View the disclaimer and notice of copyright.