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As per Section 230(4), a notice under Section 230(3) shall provide that the persons to whom the notice is sent may vote in meeting either themselves or through proxies or by postal ballot to the adoption of the compromise or arrangement within 1 month from the date of receipt of such notice. In this case, is Postal Ballot applicable for the meeting of Creditors also or is it applicable only to the members and consent of creditors needs to be taken by convening the meeting of creditors only

Section 230- Power to compromise or make arrangements with creditors and members.

Posted By: Prerna kapoor 8 year(s) ago

This question has been closed if you want to answer,you have to re-open.


    Shivam Singhal

Voting in meeting (called pursuant to Section 230 (3) of Companies Act, 2013) of shareholders/creditors can be done by such person attending the meeting in person or through proxy or through postal ballot. Hence, postal ballot would be applicable for the meeting of Creditors also.

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