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Statutory Provisions

Home Acts & Rules Bill Bills COMPANIES BILL, 2011 Chapters List Chapter VII MANAGEMENT AND ADMINISTRATION This

Clause 110 - Postal ballot. - COMPANIES BILL, 2011

COMPANIES BILL, 2011
Chapter VII
MANAGEMENT AND ADMINISTRATION
  • Contents

Postal ballot.

     110. (1) Notwithstanding anything contained in this Act, a company—

          (a) shall, in respect of such items of business as the Central Government may, by notification, declare to be transacted only by means of postal ballot; and

 

          (b) may, in respect of any item of business, other than ordinary business and any business in respect of which directors or auditors have a right to be heard at any meeting, transact by means of postal ballot, in such manner as may be prescribed, instead of transacting such business at a general meeting.

     (2) If a resolution is assented to by the requisite majority of the shareholders by means of postal ballot, it shall be deemed to have been duly passed at a general meeting convened in that behalf.

 
 
 
 

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