AI Drafter 
TaxTMI 
TaxTMI 
Amendment to the Equity Listing Agreement - Platform for E-Voting by Shareholders of Listed Entities
X X X X Extracts X X X X
X X X X Extracts X X X X
...., 1956, read with the Companies (Passing of the Resolution by Postal Ballot) Rules, 2001 (the Rules) obligates the listed companies to conduct certain businesses only by way of postal ballot. The Companies Act and the Rules also permit the companies to pass any other business through postal ballot apart from those businesses which are to be transacted mandatorily through postal ballot. Further, SE....
X X X X Extracts X X X X
X X X X Extracts X X X X
....cilities, besides existing process for shareholder voting. 3. In order to have secured electronic platform for capturing accurate electronic voting processes, Ministry of Corporate Affairs has vide circular dated December 27, 2011 clarified that any agency providing e-voting platform is required to obtain a certificate from Standardization Testing and Quality Certification (STQC) Directorate, Dep....
X X X X Extracts X X X X
X X X X Extracts X X X X
....It has, therefore, been decided to specify suitable listing conditions in this regard and amend the Equity Listing Agreement as per the Annexure. 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 ....
X X X X Extracts X X X X
X X X X Extracts X X X X
....ed at point 4 above. 8. The above listing conditions are specified in exercise of the powers conferred under Section 11 read with Section 11A of the Securities and Exchange Board of India Act, 1992. The said listing conditions should form part of the existing Equity Listing Agreement of the stock exchange. 9. All Recognised Stock Exchanges are advised to ensure compliance with this circular and ....