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E-Voting provisions deferred till 31st Dec, 2014

As per General Circular No. 20/2014 dated 17/06/2014 the Ministry of Corporate Affairs (MCA) has deferred the date of implementation of the the provisions related to e-voting to 31st December, 2014.

As per Section 108 of the Companies Act, 2013 read with rule 20 of the Companies (Management and Administration) Rules, 2014 deal with the exercise of right to vote by members by electronic means (e-means), Every listed company or a company having not less than one thousand shareholders, are supposed to provide to its members facility to exercise their right to vote at general meetings by electronic means.

Corporates and other stakeholders while appreciating the new approach have drawn attention to some practical difficulties in respect of general meetings to be held in the next few months.

Accordingly, it has been decided not to treat the relevant provisions as mandatory till 31st December, 2014.

The relevant circular in this regard can be accessed at the link below.

General Circular No. 20/2014. Clarification with regard to voting through electronic means

Rule 20 of the Companies (Management and Administration) Rules, 2014 can be accessed by following the above link.

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