Ballot Company Pdf For Free

Section 62 of the Act deals with the further issue of share capital in the company. A company that is limited by shares can increase its capital by issuing new shares ing to the Articles of Association of the company. The companies usually do not issue all of their shares at once.

2. Meaning of postal ballot. As defined in clause (65) of section 2, ?Postal Ballot? means the casting of vote by a shareholder by postal or electronic mode. ?Voting by postal ballot? has been defined in Secretarial Standard- 2 as voting by ballot, by post or by electronic means.

(4) If a resolution is assented to by a requisite majority of the shareholders by means of postal ballot, it shall be deemed to have been duly passed at a general meeting convened in that behalf.

DETAILED CHECKLIST FOR POSTAL BALLOT ? Identify the business to be transacted through Postal Ballot. ? Decide record date [cut off] for sending of Notice and ascertaining the eligibility of the members who are entitled to vote. ? Decide calendar of event. ii) report on postal ballot and other relating documents.

Postal voting is voting in an election where ballot papers are distributed to electors (and typically returned) by post, in contrast to electors voting in person at a polling station or electronically via an electronic voting system.

(1) Where a company is required or decides to pass any resolution by way of postal ballot, it shall send a notice to all the shareholders, along with a draft resolution explaining the reasons therefor and requesting them to send their assent or dissent in writing on a postal ballot because postal ballot means voting by ...

Postal ballot received back from the shareholders shall be kept in the safe custody of the scrutinizer and after the receipt of assent or dissent of the shareholder in writing on a postal ballot, no person shall deface or destroy the ballot paper or declare the identity of the shareholder.

?Clause 108-This is a new clause and it provides that a member in the prescribed class of companies may exercise his right to vote by electronic means.? The shareholders now have an option to cast their vote electronically which was not available at regime of Companies Act, 1956.