Amendment to the Equity Listing Agreement - Platform for E-Voting by Shareholders of Listed Entities

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Full Text of the Document

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.... apart from those businesses which are to be transacted mandatorily through postal ballot. Further, SEBI (Buy Back of Securities) Regulations, 1998, SEBI (Delisting of Equity Shares) Regulations, 2009, SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2009 and SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 require listed companies to pass certain additional businesses through postal ballot. 2. As per section 192A, a postal ballot also includes voting by electronic mode. It had been the endeavor of the Central Government to provide wider participation of shareholders in decisions of the companies through electronic voting process. Hon'ble Finance Minister in his budget speech for FY 2012-13 has als....

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....re. 5. In order to effectively implement the process of e- voting, : (a) the concerned listed companies shall choose any one of the agencies, which is currently providing e-voting platform for this purpose; (b) agencies providing such e-voting platform shall ensure that the process for e-voting is explained in the e-voting platform along with necessary "FAQs" and shall also ensure that the draft resolutions, explanatory statement and other annexures, if any, sent to the shareholders are displayed prominently in the concerned page of the e- voting platform. 6. The amendment as specified in Annexure shall be applicable for the shareholders' meetings, for which notices are issued on or after October 01, 2012. However, t....