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 ..... rs of Companies, All Stakeholders. Subject: 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 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... issues raised by the stakeholders are provided in the Annexure to this circular for guidance 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 An ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... s have asked whether matters specified under rule 22(16) (transactions of certain items only through postal ballot) can be considered in a general meeting 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 p ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ting personally and who is also not exercising voting through e-means whether such a person shall have the option to vote through postal ballot. The matter has been examined and 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 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... lders the e-voting facility, in such a case, the whole of procedure specified in rule 20 shall be applicable to such a company. This is necessary so that any piece-meal application does not prejudice the interest of shareholders. - Circular - Trade Notice - Public Notice - Instructions - Office orders Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - ..... X X X X Extracts X X X X X X X X Extracts X X X X
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