Listing regulation
This query is : Resolved
25 May 2016
whether SMEs listed on BSESME are required to provide Evoting facility.
26 May 2016
NO, E Voting facility are not provided to listed SME, and general meeting can be called by Postal Ballot, poll etc.
28 May 2016
can you tell me where it is written...that listed SMEs are not required to provide E-voting facility.
02 August 2024
SMEs listed on the BSE SME Platform have specific regulatory requirements that differ from those applicable to companies listed on the main board of the stock exchange. Here's the relevant information regarding the e-voting facility for SMEs:
### **E-Voting Facility for SMEs:**
**1. **Regulation Overview:**
- For companies listed on the BSE SME Platform, the e-voting facility is not mandated as per the specific regulations governing SMEs. The primary regulation for SMEs on BSE is provided by the **BSE SME Listing Regulations** and SEBI regulations applicable to SMEs.
**2. **Regulation Sources:**
- **BSE SME Listing Regulations:** The BSE SME Platform operates under a separate set of listing regulations, which do not mandate the provision of e-voting facilities for SMEs.
- **SEBI Regulations:** SEBI (Securities and Exchange Board of India) has issued guidelines and regulations for SMEs, including the SEBI (Issue of Capital and Disclosure Requirements) Regulations and SEBI (Listing Obligations and Disclosure Requirements) Regulations. The specific requirements for e-voting are generally applicable to larger companies and not specifically mandated for SMEs.
### **Key Points:**
**1. **Listing Obligations and Disclosure Requirements (LODR):**
- Under SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, e-voting is a requirement primarily for listed entities on the main board. These regulations outline the obligations of listed entities regarding shareholder meetings, including the provision of e-voting facilities.
**2. **BSE SME Platform Regulations:**
- The BSE SME Platform has different criteria and regulations from the main board, focusing more on facilitating the growth of small and medium enterprises. The specific regulations for SMEs listed on the BSE SME Platform do not mandate e-voting facilities for these companies.
**3. **Company Specific Rules:**
- While e-voting may not be mandatory, some SMEs may voluntarily adopt e-voting to improve corporate governance practices or based on their internal policies.
### **Conclusion:**
SMEs listed on the BSE SME Platform are not required to provide e-voting facilities as per the existing regulations. The requirement for e-voting is more applicable to companies listed on the main board under SEBI's LODR Regulations. For SMEs, the focus is more on ensuring compliance with regulations tailored for smaller companies and facilitating their growth.
For specific and detailed regulations, you should refer to:
- **BSE SME Listing Regulations:** Available on the BSE website under the SME section.
- **SEBI Regulations:** Particularly the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
It is always a good idea to consult with a legal or compliance professional for the most accurate and updated information.
### **E-Voting Facility for SMEs:**
**1. **Regulation Overview:**
- For companies listed on the BSE SME Platform, the e-voting facility is not mandated as per the specific regulations governing SMEs. The primary regulation for SMEs on BSE is provided by the **BSE SME Listing Regulations** and SEBI regulations applicable to SMEs.
**2. **Regulation Sources:**
- **BSE SME Listing Regulations:** The BSE SME Platform operates under a separate set of listing regulations, which do not mandate the provision of e-voting facilities for SMEs.
- **SEBI Regulations:** SEBI (Securities and Exchange Board of India) has issued guidelines and regulations for SMEs, including the SEBI (Issue of Capital and Disclosure Requirements) Regulations and SEBI (Listing Obligations and Disclosure Requirements) Regulations. The specific requirements for e-voting are generally applicable to larger companies and not specifically mandated for SMEs.
### **Key Points:**
**1. **Listing Obligations and Disclosure Requirements (LODR):**
- Under SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, e-voting is a requirement primarily for listed entities on the main board. These regulations outline the obligations of listed entities regarding shareholder meetings, including the provision of e-voting facilities.
**2. **BSE SME Platform Regulations:**
- The BSE SME Platform has different criteria and regulations from the main board, focusing more on facilitating the growth of small and medium enterprises. The specific regulations for SMEs listed on the BSE SME Platform do not mandate e-voting facilities for these companies.
**3. **Company Specific Rules:**
- While e-voting may not be mandatory, some SMEs may voluntarily adopt e-voting to improve corporate governance practices or based on their internal policies.
### **Conclusion:**
SMEs listed on the BSE SME Platform are not required to provide e-voting facilities as per the existing regulations. The requirement for e-voting is more applicable to companies listed on the main board under SEBI's LODR Regulations. For SMEs, the focus is more on ensuring compliance with regulations tailored for smaller companies and facilitating their growth.
For specific and detailed regulations, you should refer to:
- **BSE SME Listing Regulations:** Available on the BSE website under the SME section.
- **SEBI Regulations:** Particularly the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
It is always a good idea to consult with a legal or compliance professional for the most accurate and updated information.
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