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Showing contexts for: proxy FORMS in Tamilnad Mercantile Bank Shareholders ... vs Mr. S. Radhakrishnan, Chairman And ... on 28 September, 2005Matching Fragments
In this connection the Chairman informed that the registration of the names on the basis of the prescribed proxy form, sent to the Bank itself is sufficient and need not be got registered in he Registrar Office and rejected the demand of allowing 114 persons standing outside, into the Hall nor sending out any members from the Hall.
6. Further, I submit that one group of members requested me to give direction to the Chairman to allow the members who were waiting outside and also to decide the eligible members in accordance with the above said orders of the Hon'ble High Court and sent out the ineligible members. Since I was appointed only as an Observer to observe the proceedings, I kept quiet.
1) 187 White Colour
2) 602 Rose Colour
3) 240 Green Colour Thereafter, all the poll sheets were verified with regard to the signature of the shareholders and proxies and it was found that 87 white colour poll Sheets, 283 Rose colour Poll Sheets and 87 Green colour poll sheets were invalid as the signature of the shareholders or proxies were not found available in the poll sheets.
18. Then, each and every poll sheet was put in the Computer for verification of the signature of the shareholders found in the poll sheets and also in the Proxy forms with the signatures available in the Bank. After the counting process was over, the Chairman and the Executive Officer of the Bank Thiru S.Radhakrishnan declared the results of the poll. Xerox copy of the details of the votes and result of the poll announced by the Chairman is annexed herewith.
19. I submit that I noticed mainly the following during the Meeting:
(a) 114 Members to whom Notices were said to have been issued, were not allowed to participate in the Annual General Meeting and the reason therefor was not explained in the Meeting.
(b) Objections of one group and the reply of the Chairman revealed that the persons having Power of Attorney duly not registered and intimated to the Bank as required in the orders of the Hon'ble High Court stated supra were allowed to participate and vote in the Poll as Proxies of the shareholders. But according to the Chairman, the registration of the names on the basis of the prescribed proxy form sent to the Bank is sufficient and need not be registered in the Registrar Office.