ZipLaw
Winding Up Rules Rule 72
Default readable text
The Companies (Winding Up) Rules, 2020

Rule 72 Holder of proxy not to vote on matter in which he is financially interested

Chapter
IV · Meetings of Creditors and Contributories
Text as on
14 August 2026
72. Holder of proxy not to vote on matter in which he is financially interested.- No person acting either under a general or special proxy, shall vote in favour of any resolution which would directly or indirectly place himself, his partner or employer in a position to receive any remuneration out of the assets of the company otherwise than as a creditor ratably with the other creditors of the company.