Green initiative in the Corporate Governance – Participation by Shareholders in general meetings under the Companies Act, 1956 through electronic mode.

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....May, 2011 To All Regional Directors All Registrars of Companies Subjects:-Green initiative in the Corporate Governance - Participation by Shareholders in general meetings under the Companies Act, 1956 through electronic mode. The Ministry of Corporate Affairs has taken a "Green Initiative in the Corporate Governance" by allowing paperless compliances by the Companies after considering section....

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.... Act, 1956 through electronic mode. For this purpose, the company shall also comply with the following requirements and procedures, in addition to the normal procedures required under the Companies Act, 1956 for holding general meeting :-- (a) Electronic mode means video conference facility i.e., audio-visual electronic communication facility employed which enables all persons participating in ....

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....ement of a participant in the meeting via video conferencing is interrupted or garbled, the Chairman of the meeting or Secretary shall request for a repeat or reiteration, and if need be, the Chairman or Secretary shall repeat what he heard the participant was saying for confirmation or correction. 5. (a) Section 166 of the Companies Act, 1956 inter alia provides that a company is required to ha....