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of <h1>Companies Must Follow Postal Ballot Rules for Shareholder Consent Under 2001 Guidelines; Independent Scrutinizer Required</h1> The procedure for conducting business through postal ballot under the Companies (Passing of the Resolution by Postal Ballot) Rules, 2001, requires companies to inform members about transactions needing shareholder consent via postal ballot. The board must appoint an independent scrutinizer, such as a retired judge, to oversee the voting process. The scrutinizer must maintain a register of received consents and handle ballot papers securely until the resolution is finalized. Consents received after thirty days from the notice issuance are considered unreceived. The scrutinizer must submit a report promptly after the ballot receipt deadline and return all related documents to the company for safekeeping.
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