The mandatary has the same rights as the member. These rights include the right to attend the meeting, make contributions and vote at meetings of the corporation, and decisions made by the mandatary are deemed to have been made by the member, provided that the proxy form permits it. This document is usually used by a member of a company who is absent or unavailable at company meetings. Some companies usually give a proxy form with the invitation to the meeting to their members to fill out the form if they want to appoint an agent to vote on their behalf. Any member of a corporation who is authorized to attend and vote at meetings of the corporation may vote in person or by proxy. For example, if a member is absent from a meeting of the corporation, he or she has the right to appoint another person (a non-member of the corporation) to attend and vote in the place of the meeting. This person is therefore called a mandatary. In order for a person to act as an authorized representative, the member appointing the person must issue the document authorizing the authorized representative to attend the meeting and vote on his or her behalf. There are four main types of businesses in Nigeria. Under the law, companies have the exclusive right to use proxies. However, in the case of a limited liability company, the articles of association of the company must allow the use of an agent before a member of the company can use proxies. Therefore, before using this document, a member of this type of corporation must ensure that the articles of the corporation allow the use of powers of attorney. A proxy form is a document by which a registered member of a corporation appoints another person (the proxy) to attend a meeting of the corporation and vote on behalf of the member.
After signing the document, the member must file the document at the address of the corporation at least 48 hours before the date of the meeting at which the mandatary proposes the vote. This document shall contain the name and address of the partner, the name and address of the representative, the company concerned and the manner in which the representative is to vote. In this document, the name and address of the member as well as the name of the company and the full name of the authorized representative are recorded. Then the member decides whether the proxy should vote a certain way on the matters and at which meeting the proxy becomes valid. After completing this form, the member must sign the document. If the member is a corporation, the common seal must be affixed to the document and signed either by two directors or by a director and secretary of the corporation. If the member is another organization, by . B a registered trustee, one of the trustees must sign the document. If the member is a company name (it.B a sole proprietorship or partnership), one of the owners must sign the document. A power of attorney can only be used by members at company meetings, as the law does not provide for their use at board meetings. Alternate names for the document: Annual General Meeting Proxy Form, Proxy Form, Proxy Form, Proxy Form, Proxy Certificate Note that proxies are not used in statutory meetings.
The statutory meeting is the first meeting of the members of a corporation. It only takes place once in a lifetime. .