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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.

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