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TMI BlogClarification with regard to voting through electronic means -reg.X X X X Extracts X X X X X X X X Extracts X X X X ..... Clarification with regard to voting through electronic means -reg. Sir, Section 108 of the Companies Act, 2013 read with rule 20 of the Companies (Management and Administration) Rules, 2014 deal with the exercise of right to vote by members by electronic means (e-means). The provisions seek to ensure wider shareholders participation in the decision making process in companies. Corporates and ot ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... idance of all concerned. This issues with the approval of the competent authority. Yours faithfully (KMS Narayanan) Assistant Director 23387263 Copy to :- 1. e-Governance Section and Web Contents Officer to place this circular on the Ministry's website 2. Guard File Annexure Clarifications on issues associated with e-voting Procedure (i) Show of hands not to be allowed in case of ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... eeting where e-voting facility is available. It has been examined and it is stated that in view of clear provisions of section 110(1)(a) read with such rule 22(16) it would be necessary to transact items specified in rule 22(16) only through postal ballot and not at the general meeting. (iv) Relevance of provisions relating to demand for poll:- In case of companies having share capital, voting th ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... it is felt that keeping in view the provisions of the Act such an option would not be available. (vi) Manner of voting in case of shareholders present in the meeting: Stakeholders have sought clarity about manner of voting for shareholders (of a company covered under rule 20) who are present in the general meeting. It is hereby clarified that since voting through e-means would be on the basis of ..... X X X X Extracts X X X X X X X X Extracts X X X X
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