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of <h1>Key Definitions in Companies (Passing of the Resolution by Postal Ballot) Rules, 2001: Act, Postal Ballot, Requisite Majority Explained.</h1> In the Companies (Passing of the Resolution by Postal Ballot) Rules, 2001, key definitions are provided for terms used within the context of these rules. 'Act' refers to the Companies Act, 1956. A 'postal ballot' allows shareholders to vote by mail or electronically rather than attending a general meeting in person. The 'requisite majority' for a special resolution requires that votes in favor be three times those against, while for an ordinary resolution, a simple majority of votes in favor over those against is sufficient.
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