Postal ballot required for specified corporate actions including alteration of objects, buy back, and differential voting shares. Rule 4 mandates that specified corporate actions shall be approved by postal ballot, enumerating items including alteration of the memorandum's object clause, insertion in articles defining private company, buy back of own shares, issue of shares with differential voting or dividend rights, change of registered office outside prescribed local limits, sale of whole or substantially whole undertaking, loans/guarantees/security beyond prescribed limits, election of a director under the relevant proviso, and variation of rights attached to a class of shares or debentures.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Postal ballot required for specified corporate actions including alteration of objects, buy back, and differential voting shares.
Rule 4 mandates that specified corporate actions shall be approved by postal ballot, enumerating items including alteration of the memorandum's object clause, insertion in articles defining private company, buy back of own shares, issue of shares with differential voting or dividend rights, change of registered office outside prescribed local limits, sale of whole or substantially whole undertaking, loans/guarantees/security beyond prescribed limits, election of a director under the relevant proviso, and variation of rights attached to a class of shares or debentures.
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