Regulatory Alerts2016-01-22
Added · Updated
Companies (E-Voting) Regulations 2016
These Regulations mandate listed companies to enable members to exercise voting rights through electronic means managed by authorized intermediaries. Eligible intermediaries must meet specific security, accreditation, and operational requirements, with a cap of serving no more than 100 companies simultaneously. Companies are required to arrange e-voting if demanded by at least five members or those holding not less than one-tenth of the voting power, with members needing to submit their intent at least ten days prior to the meeting. Non-compliance with these regulations is punishable by a fine extending to five hundred thousand rupees.
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