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of <h1>Companies Must Use Postal Ballot for Key Decisions: Share Buybacks, Director Elections, and More Under 2001 Rules Update</h1> Under the Companies (Passing of the Resolution by Postal Ballot) Rules, 2001, certain business decisions must be approved via postal ballot. These include altering the object clause of the memorandum, modifying articles of association to define a private company, buy-back of shares, issuing shares with differential voting rights, changing the registered office location beyond local limits, selling a significant portion of the company's undertaking, providing loans or guarantees beyond prescribed limits, electing a director, and varying rights attached to shares or securities. Amendments to these rules have refined and updated the requirements for passing resolutions by postal ballot.
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