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The Companies Act 2013, provides for voting by electronic means by shareholders at general meeting - Section 108. Draft Rules 7.18 1 specifies that listed companies and companies with more than 500 shareholders may provide for electronic voting for section 108. Under Companies Act 1956, the Circular 72/2011 dt 27.12.2011 under Green Initiative provides it is optional for companies to provide for share holders participation at general meetings through video conferencing. There is no such mention of participation of shareholders through video conferencing at general meetings in the Companies Act 2013 and draft rules. Does that mean that the option of video conferencing facility for share holders participation in general meetings is dropped under Companies Act 2013.Hence can it be concluded that under Companies Act 2013 even as an option the company can no more provide video conferencing facility to share holders for participation in General Meetings. [by. G Mukund]

Shareholders Meeting

Posted By: Vivek vijay 11 year(s) ago

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Expert    Ankit Singhi

Companies Act 2013 doesn’t provides any provision relating to participation of members by way of video conferencing in the general meeting but that doesn’t mean that a company can’t provide such facility. It can but members participating through video conferencing will not be counted towards the quorum

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