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5.7 The quorum for the said meetings shall be 15(Fifteen) for the meetings of the equity shareholders and unsecured creditors and shall be 3(Three) for the meeting of the secured creditors present in person, through authorized representative or through proxy.
5.8 Voting by proxy is permitted provided that proxy in the prescribed form and duly signed by the persons entitled to be and vote at the aforesaid meetings, or by his authorized representative, is filed with the applicant company at its registered office at Sidhpur not later than 48 hours before the said meetings.