Section 112 of the Companies Act, 2013
Section 112 of the Companies Act, 2013
– Representation of President and Governors in meetings
📜 Bare Act Language:
Section 112(1): The President of India or the Governor of a State, if they are members of a company, may appoint such person as they think fit to act as their representative at any meeting of the company or any meeting of any class of members of the company.
(2) A person so appointed shall, for the purposes of this Act, be deemed to be a member of such a company and shall be entitled to exercise the same rights and powers (including the right to vote by proxy and postal ballot) as the President or, as the case may be, the Governor could exercise as a member of the company.
✅ Key Highlights / Summary:
Applicable to: The President of India or the Governor of a State, when they are shareholders in a company.
They can nominate a representative to attend:
General meetings of the company, or
Meetings of any class of shareholders.
That representative will be treated as a full member for the purpose of that meeting.
The representative can vote, raise questions, and participate, just like the President or Governor could.
📌 Example:
If the President of India holds shares in a government company, he can nominate an officer to attend the AGM or EGM. That officer will have the same rights to speak and vote in the meeting.
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