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of <h1>Companies Can Now Send Financial Documents Electronically u/s 219 of the Companies Act, 1956.</h1> The Ministry of Corporate Affairs has initiated a 'Green Initiative in Corporate Governance,' allowing companies to send documents like Balance Sheets and Auditor's Reports to members electronically, in compliance with Section 219 of the Companies Act, 1956. Companies must obtain members' email addresses, ensure documents are accessible on their website, and advertise their availability. If members do not register an email, documents must be sent by other means, and physical copies must be provided free of charge upon request. This initiative aligns with the Information Technology Act, 2000, promoting paperless compliance.
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