TMI Bloge-Voting Facility Provided by Listed EntitiesX X X X Extracts X X X X X X X X Extracts X X X X ..... holders, in respect of all shareholders resolutions. However, it has been observed that the participation by the public non-institutional shareholders/retail shareholders is at a negligible level. 2. Currently, there are multiple e-voting service providers (ESPs) providing e-voting facility to listed entities in India. This necessitates registration on various ESPs and maintenance of multiple user IDs and passwords by the shareholders. 3. In order to increase the efficiency of the voting process, pursuant to a public consultation, it has been decided to enable e-voting to all the demat account holders, by way of a single login credential, through their demat accounts/ websites of Depositories/ Depository Participants. Demat acc ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 6. The listed entity shall provide the details of the upcoming AGMs requiring voting to the Depository. The depository shall send SMS/email alerts in this regard, to the demat account holders, atleast 2 days prior to the date of the commencement of e-voting. Phase 2 7. In order to further enhance the convenience and security of the e-voting system, the depository shall validate the demat account holder through a One Time Password (OTP) verification process as under. 6.1 Direct registration with Depositories Depositories shall allow login through registered Mobile number / E-mail based OTP verification as an alternate to login through username and password. 6.2 Through Demat Accounts with Depository Partic ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... es respectively. 13 All listed companies are advised to notify the above process available to demat account holders for e-voting in the notice sent to the shareholders. 14 This circular is being issued in exercise of powers conferred under Section 11 (1) of the Securities and Exchange Board of India Act, 1992 and shall be in addition to the provisions of the Companies Act, 2013 . Yours faithfully, Surabhi Gupta General Manager Corporation Finance Department Tel No. 022-26449315 Email id: surabhig@sebi.gov.in - 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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