Postal ballot procedures require appointment of an independent scrutinizer to oversee voting and preserve ballot records. The Rules permit listed companies to pass specified resolutions by postal ballot, including postal and electronic voting, and prescribe the requisite majority standards for ordinary and special resolutions. Applicable matters are listed (for example, alteration of memorandum or articles, buy back, differential voting shares, change of registered office outside local limits, sale of undertaking, certain loans/guarantees, director elections, compromises, and variation of class rights). The board must note postal ballot items, appoint an independent scrutinizer to oversee voting, maintain a register of votes (including electronic and mutilated ballots), secure ballot papers until minutes are signed, and treat late responses as not received.
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 procedures require appointment of an independent scrutinizer to oversee voting and preserve ballot records.
The Rules permit listed companies to pass specified resolutions by postal ballot, including postal and electronic voting, and prescribe the requisite majority standards for ordinary and special resolutions. Applicable matters are listed (for example, alteration of memorandum or articles, buy back, differential voting shares, change of registered office outside local limits, sale of undertaking, certain loans/guarantees, director elections, compromises, and variation of class rights). The board must note postal ballot items, appoint an independent scrutinizer to oversee voting, maintain a register of votes (including electronic and mutilated ballots), secure ballot papers until minutes are signed, and treat late responses as not received.
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