Clause 35B listing agreement disclosures

Avatar 37a3bd7bc7328f0ead2c0f6f635dddf60615e676e6b4ddf964144012e529de45 Uma asked about 3 years ago

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Avatar 37a3bd7bc7328f0ead2c0f6f635dddf60615e676e6b4ddf964144012e529de45 veeru answered almost 3 years ago

CLAUSE 35B  Applicable to all listed companies.  Governed by Companies (Management and Administration) Rules, 2014  The issuer company has to provide e-voting facility to its shareholders for all Shareholders Resolution to be passed at General meeting or through Postal Ballot.  Such e-voting facility shall be kept open for such period specified under the rules.  For those shareholders who do not have access to e-voting facility, the issuer should enable them to cast their vote in writing on Postal Ballot as per the Rules specified.

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Avatar 37a3bd7bc7328f0ead2c0f6f635dddf60615e676e6b4ddf964144012e529de45 Pushkala Santhanam answered about 3 years ago

Clause 35B would be applicable to all listed companies and the modalities would be governed by the provisions of Companies (Management and Administration) Rules, 2014. Clause 35B of the Listing Agreement provides for the following - 1. The company agrees to provide e-voting facility to its shareholders, in respect of all shareholder's resolutions, to be passed at General Meetings or through postal ballot. Such e-voting facility shall be kept open for such period as may be specified for the shareholders to send their assent or dissent. 2. The company shall continue to enable those shareholders, who do not have access to e-voting facility, to send their assent or dissent in writing on a postal ballot as per the provisions of the Companies (Management and Administration) Rules, 2014 or amendments made thereto. 3. The company shall utilize the service of any one of the agencies providing e-voting platform, which is in compliance with conditions specified by the Ministry of Corporate Affairs, Government of India, from time to time. 4. The company shall mention the Internet link of such e-voting platform in the notice to their shareholders.

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Avatar 37a3bd7bc7328f0ead2c0f6f635dddf60615e676e6b4ddf964144012e529de45 Aarti Vadnerkar answered about 3 years ago

CLAUSE 35B  Applicable to all listed companies.  Governed by Companies (Management and Administration) Rules, 2014  The issuer company has to provide e-voting facility to its shareholders for all Shareholders Resolution to be passed at General meeting or through Postal Ballot.  Such e-voting facility shall be kept open for such period specified under the rules.  For those shareholders who do not have access to e-voting facility, the issuer should enable them to cast their vote in writing on Postal Ballot as per the Rules specified. 4. Provisions w.r.t. e-voting under Companies (Management and Administration) Rules, 2014  A member may exercise his right to vote at any general meeting by electronic means and company may pass any resolution by electronic voting system .  A company which opts to provide the facility to its members to exercise their votes at any general meeting by electronic voting system shall follow the following procedure :-  the notices of the meeting shall be sent to all the members, auditors of the company, or directors either by POST / Registered e-mail i.d. / Courier.  the notice shall also be placed on the website of the company  the notice of the meeting shall clearly mention that the business may be transacted through electronic voting system and the company is providing facility for voting by electronic means; 5. Provisions w.r.t. e-voting under Companies (Management and Administration) Rules, 2014  the notice shall clearly indicate the process and manner for voting by electronic means and the time schedule including the time period during which the votes may be cast and shall also provide the login ID and create a facility for generating password and for keeping security and casting of vote in a secure manner  the e-voting shall remain open for not less than one day and not more than three days. Provided that in all such cases, such voting period shall be completed three days prior to the date of the general meeting.  during the e-voting period, shareholders of the company, holding shares either in physical form or in dematerialized form, as on the record date, may cast their vote electronically. Provided that once the vote on a resolution is cast by the shareholder, he shall not be allowed to change it subsequently. 6. Provisions w.r.t. e-voting under Companies (Management and Administration) Rules, 2014  the Board of directors shall appoint one scrutinizer, who may be chartered Accountant in practice, Cost Accountant in practice, or Company Secretary in practice or an advocate, but not in employment of the company and is a person of repute who, in the opinion of the Board can scrutinize the e-voting process in a fair and transparent manner  the results declared along with the scrutinizer’s report shall be placed on the website of the company within two days of passing of the resolution at the relevant general meeting of members  subject to receipt of sufficient votes, the resolution shall be deemed to be passed on the date of the relevant general meeting of members  Issuer shall utilize the services of any one of the agencies providing e-voting platform which is in compliance with conditions specified by MCA from time to time.

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Avatar 37a3bd7bc7328f0ead2c0f6f635dddf60615e676e6b4ddf964144012e529de45 lochan answered about 3 years ago

The company will provide e-voting facility to its shareholders, in respect of those businesses, which are transacted through postal ballot. The Company shall utilize the service of any one of the agencies providing e-voting platform, which is in compliance with conditions specified by the Ministry of Corporate Affairs, Government of India, from time to time. The company shall mention the Internet link of such e-voting platform in the notice to their shareholders The company shall continue to enable those shareholders, who do not have access to e-voting facility, to send their assent or dissent in writing on a postal ballot pursuant to the provisions of the Companies (Passing of the Resolution by Postal Ballot) Rules, 2011 or amendments made thereto Thanks

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