Postal ballot requirements govern voting procedures, scrutinizer custody and mandatory postal-ballot items for specified corporate actions. Companies must send all shareholders a notice with the draft resolution and reasons and allow thirty days for assent or dissent by post or electronic means; notices may be dispatched by registered/speed post, registered e-mail or courier, advertised in vernacular and English newspapers, and posted on the company website until the ballot closes. The Board appoints an independent scrutinizer to safeguard ballots, maintain a detailed register, submit a report within seven days after closure, and ensure preservation of ballots; late responses beyond thirty days are ignored. Specific significant matters must be transacted only by postal ballot, with stated provisos.
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Provisions expressly mentioned in the judgment/order text.
Postal ballot requirements govern voting procedures, scrutinizer custody and mandatory postal-ballot items for specified corporate actions.
Companies must send all shareholders a notice with the draft resolution and reasons and allow thirty days for assent or dissent by post or electronic means; notices may be dispatched by registered/speed post, registered e-mail or courier, advertised in vernacular and English newspapers, and posted on the company website until the ballot closes. The Board appoints an independent scrutinizer to safeguard ballots, maintain a detailed register, submit a report within seven days after closure, and ensure preservation of ballots; late responses beyond thirty days are ignored. Specific significant matters must be transacted only by postal ballot, with stated provisos.
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