A 32
CAP. 70]
The Hongkong and Shanghai Bank Regulations
[1989 Ed.
1
[Subsidiary]
74. Joint holders
Where there are joint registered holders of any share, that one of the said persons so present in person or by proxy, whose name stands first on the shareholders registers in respect of such share, shall alone be entitled to vote in respect thereof either in person or by proxy. Several executors or administrators of a deceased shareholder in whose name any share stands shall for the purposes of this regulation be deemed joint holders thereof.
75. Votes on a poll
On a poll votes may be given either personally or by proxy and a person entitled to more than one vote need not use all his votes or cast all the votes he uses in the same way.
(L.N. 334 of 1989)
76. Deposit of proxy and its duration
The instrument appointing a proxy and the power of attorney (if any) under which it is signed and any power of attorney under which any shareholder claims to vote for an absent shareholder or acts as attorney for an absent shareholder shall be deposited at the head office not less than forty-eight hours before the time for holding the meeting or adjourned meeting or poll, as the case may be, at which the person named in such instrument proposes to vote; otherwise the person so named shall not be entitled to vote in respect thereof. No instrument appointing a proxy shall be valid after the expiration of twelve months from the date of its execution.
77. Execution of instrument of proxy
The instrument appointing a proxy shall be in writing under the hand of the appointor or of his attorney or, if the appointor is a corporation, either under seal or under the hand of a duly authorised officer or attorney. A proxy need not be a shareholder of the bank.
(L.N. 157 of 1987; L.N. 334 of 1989)
78. Form of proxy
Every instrument of proxy shall, as nearly as circumstances admit, be in the form specified in Appendix 3 or in such other form as the board may from time to time approve.