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E voting

Amisha (Asst. Company Secretary) (205 Points)

30 May 2014

Hello Sirs I request for your knowledgeable advice. Even after mandatory requirements, a few companies have not offered e voting facilities before Agm /egm. Was there any cut off date after which these amendments were introduced ? Is there any appropriate forum or authority where the matter can be took up. Thanks and regards

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5 Replies

AMIT MISHRA (Legal Professional) (393 Points)
Replied 30 May 2014

Hi Amisha,

Listed Companies and Companies having not less than 10000 shareholders were required to implement e-voting as per Companies (Management and Administration) Rules, 2014. This was applicable immediately with coming into effect of the aforesaid rules. Hence as per my knowledge, penal provisions are applicable on such Companies i.e 5000 or 500 per day in case contravention is of continuing nature.

Thanks & Regards

Amit Mishra

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Amisha (Asst. Company Secretary) (205 Points)
Replied 30 May 2014

Dear Amit Thank you very much for the information. Just 1 correction E voting is applicale to Listed Companies having not less than 1000 shareholders instead of 10000 Thanks one again

harika (IPCC) (27 Points)
Replied 30 May 2014

Good question amisha

Mrs.n (CS, LL.B ) (407 Points)
Replied 02 June 2014

Hello,

This applicability as per The Companies Act-2013 and as per revised Cluase 49 of the Listing agreement -Clause-35B -which is applicable to all the listed companies irrrespective of shareholding.(applicable w.e.from 01.10.2014)

pl.correct me if other views.

regds