Secure your voting rights and business interests with confidence. The Irrevocable Proxy Agreement from LawDocsOnline.in gives you a legally sound way to delegate your authority while ensuring the proxy cannot be withdrawn or misused without your consent. Whether you are a shareholder, co-founder, or investor—this document is your shield.

Who Needs an Irrevocable Proxy Agreement?

Company Shareholders: Want to ensure your vote is exercised even if you are unavailable during crucial meetings? This agreement empowers a proxy permanently.

Startup Co-Founders: Delegate decision-making to a trusted partner without losing control in high-stakes voting matters.

NRIs with Indian Holdings: Living abroad but holding shares in Indian companies? Assign someone to represent your stake reliably.

Joint Venture Participants: Ensure agreed terms are honoured through binding proxy powers in boardroom votes.

Private Equity Investors: Use it to ensure compliance with investment covenants and protect long-term boardroom rights.

Why Use Our Template?

Irrevocability Ensured: Protects your voting intent even if challenged later.

Legally Vetted for India: Compliant with the Companies Act, SEBI guidelines, and general contract law principles.

Ideal for NRIs and Startups: Maintain control while delegating authority seamlessly.

Customisable Yet Precise: Clearly state your terms, without ambiguity.

Free to Download: Save time and legal costs with our ready-to-use format.

Common Use Cases

• A shareholder assigns proxy rights to a family member for annual voting.
• An NRI empowers a business partner in India to represent their stake.
• A VC investor ensures board decisions reflect agreed voting ratios.
• A founder uses this to secure alignment with early-stage partners.

These situations require trust—and our format locks it in legally.

Frequently Asked Questions (FAQs)

Can I revoke the proxy after issuing it?
Not unless specified otherwise. This agreement is meant to be irrevocable by design.

Is it valid in Indian corporate settings?
Yes, it is crafted in line with Indian corporate and contract law principles.

Does this need to be notarised or registered?
Notarisation is recommended for added evidentiary value, but not mandatory unless required by specific company articles.

Can I limit what the proxy can do?
Absolutely. You can specify whether the proxy covers only voting, or extends to other corporate actions.