Corporations Act 2001

CHAPTER 2G - MEETINGS  

PART 2G.2 - MEETINGS OF MEMBERS OF COMPANIES  

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).


 

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