PART 3Process of Special Administration
CHAPTER 10Proxies and corporate representation
Issue and use of formsI190
1
When notice is given of a meeting to be held in the course of the special administration and a form of proxy is sent out with the notice, such form must be a “blank proxy”.
2
A “blank proxy” is a document which—
a
complies with the requirements in this rule, and
b
when completed with the details specified in paragraph (4) will be a proxy as described in rule 89.
3
A blank proxy must state that the principal named in the document (when completed) appoints a person who is named or identified as the proxy-holder of the principal.
4
The specified details are—
a
the name and address of the creditor, customer, member or contributory,
b
either the name of the proxy-holder or the identification of the proxy-holder (such as the chair of the meeting or the administrator),
c
a statement that the proxy is either—
i
for a specific meeting, which is identified in the proxy, or
ii
a continuing proxy for the proceedings, and
d
if the proxy is for a specific meeting, instructions as to the extent to which the proxy-holder is directed to vote in a particular way, to abstain or to propose any resolution.
5
When it is delivered to the principal, a blank proxy must not contain the name or description of any person as proxy-holder, or instructions as to how a proxy-holder is to act.
6
A blank proxy must have a note to the effect that the proxy may be completed with the name of the person or the chair of the meeting who is to be proxy-holder.
7
A form of proxy must be authenticated by the principal, or by some person authorised by that principal (either generally or with reference to a particular meeting).
8
If the form is authenticated by a person other than the principal, the nature of the person’s authority must be stated.