https://www.taxtmi.com/caselaws?id=105441 Postal ballot is not compulsory for meetings of equity shareholders and creditors of a listed company proposed under a scheme of amalgamation where the governing rule uses permissive language. The Court read the relevant provision as directory, not mandatory, and distinguished situations in which the Companies Act or rules expressly require postal ballot by using "shall". On that construction, the absence of postal ballot did not prevent convening and holding the meetings, and the procedural directions sought for the shareholders' and creditors' meetings were authorised. en-us Fri, 08 Jun 2001 00:00:00 +0530 Mon, 05 Mar 2012 16:44:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=105441 Postal ballot is not compulsory for meetings of equity shareholders and creditors of a listed company proposed under a scheme of amalgamation where the governing rule uses permissive language. The Court read the relevant provision as directory, not mandatory, and distinguished situations in which the Companies Act or rules expressly require postal ballot by using "shall". On that construction, the absence of postal ballot did not prevent convening and holding the meetings, and the procedural directions sought for the shareholders' and creditors' meetings were authorised. Case-Laws Companies Law Fri, 08 Jun 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=105441