CDSL Ventures Ltd., a wholly owned subsidiary of Central Depository Services (India) Limited (CDSL), has designed an electronic voting system as an alternative to the paper-based postal ballot process, to facilitatevoting on company resolutions. This system was inaugurated on November 17, 2009 by Hon’ble Minister Shri Salman Khurshid, Ministry of Corporate Affairs.
e-Voting is an internet based system through which shareholders can login and register their votes on company resolutions. The system would process, record votes automatically and facilitate declaration of voting results quickly.
It is believed that e-Voting system would be relatively more efficient, convenient and cost effective. The Companies (Passing of the Resolution by Postal Ballot) Rules, 2001 issued by Central Government under Section 642 of the Companies Act, 1956, includes electronic voting.
Source: CDSL Ventures Ltd.
2 comments:
Thank you sir. I read your blog and it solved my problem. I was just calculating the cost of postal balot when i cheked your blog. keep writing it will help all of us
very useful amendment...it will solve the problem of delays, non-voting from shareholders due to lack of knowledge, non-receipt of resolution related papers from company...etc etc and gain more involvement from all categories of shareholders in future.....
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