Skip to main content

Clarification with regard to voting through electronic means

General Circular No. 2O/2O14
No. 1/34l2013-cL-V
Government of India
Ministry of Corporate Affairs
sth Floor, A Wing, Shastri Bhavan
Dr R.P. Road, New Delhi
Dated 17 June, 2014

Subject: Cladlication with regard to voting through electronic means -

Sir,
Section 108 of the Companies Act, 2013 read with rule 20 of the
Companies (Management and Administration) Rules, 2Ol4 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 other stakeholders while
appreciating the new approach have drawn attention to some practical
difficulties in respect of general meetings to be held in the next few months.
2. The suggestions received from the stakeholders have been examined. It is
noticed that compliance with procedural requirements, engagement of
Depository Agencies and the need for clarity on matter like demand for poll/
postal ballot etc will take some more time. Accordingly, it has been decided not
to treat the relevant provisions as mandatory till 31st December, 2OI4. The
relevant notification in this regard is being issued separately
3. To provide clarity and ensure uniformity in the e-voting procedure,
clarifications on certain 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.

Comments

Post a Comment

Most viewed this month

Partition proceedings are vitiated even if single co-sharer is not made party or is not served in accordance with law

Cause Title :  Bhagwant Singh vs  Financial Commissioner (Appeals) Punjab, Chandigarh,  CWP-2132-2018 (O&M), High Court Of Punjab & Haryana At Chandigarh Date of Judgment/Order : 31.08.2022 Corum : Hon’ble Mr. Justice Sudhir Mittal Background A large parcel of land was owned by the Nagar Panchayat. Thereafter, some of the co-sharers sold their shares to third parties including the petitioners herein. On 22.11.1995, respondents No.3 to 5 filed an application for partition of the land. The petitioners were not impleaded as parties.  On completion of proceedings, sanad was issued on 28.08.1996. Vide two separate sale deeds dated 28.05.2008 respondents No.3 and 5 sold some portion in favour of respondent No.6 and 7. These respondents sought implementation of the sanad resulting in issuance of warrants of possession dated 05.06.2008. Allegedly, it was then that the petitioners realized that joint land had been partitioned and that proceedings h...
Post a Comment
Read more

Power of Attorney holder can also file cheque bounce cases: Supreme Court

The Supreme Court has held that a criminal complaint in a cheque bounce case can be filed and pursued by a person who holds a power of attorney (PoA) on behalf of the complainant. A three-judge bench headed by Chief Justice P Sathasivam gave the "authoritative" pronouncement on the issue, referred to it by a division bench in view of conflicting judgements of some high courts and the apex court. "We are of the view that the power of attorney holder may be allowed to file, appear and depose for the purpose of issue of process for the offence punishable under Section 138 of the Negotiable Instruments Act (which deals with cheque bounce cases)," the bench, also comprising justices Ranjana Prakash Desai and Ranjan Gogoi, said. The bench, in its judgement, said, "...we clarify the position and answer the questions in the following manner: "Filing of complaint petition under Section 138 of Negotiable Instruments Act through PoA holder is perfectly legal...
1 comment
Read more

Christian who reconverts as Hindu SC will get quota benefits

Amid the controversy over “ghar wapsi”, the Supreme Court on Thursday ruled that a person who “reconverts” from Christianity to Hinduism shall be entitled to reservation benefits if his forefathers belonged to a Scheduled Caste and the community accepts him after “reconversion”. Citing articles by B R Ambedkar and James Massey, and reports by Mandal Commission and Chinappa Commission, the court said: “There has been detailed study to indicate the Scheduled Caste persons belonging to Hindu religion, who had embraced Christianity with some kind of hope or aspiration, have remained socially, educationally and economically backward.” The bench of Justices Dipak Misra and V Gopala Gowda held that a person shall not be deprived of reservation benefits if he decides to “reconvert” to Hinduism and adopts the caste that his forefathers originally belonged to just because he was born to Christian parents or has a Christian spouse. Expanding the scope of a previous Constitution benc...
1 comment
Read more