Postal Ballot means voting by post or through any electronic mode.
A company in respect of such items of business as the Central Government may declare to be transacted only by means of postal ballot instead of transacting such business at a general meeting.
Ordinary business and any business in respect of which directors or auditors have a right to be heard at any meeting, cannot be transacted by means of postal ballot,
One Person Companies and other companies having members upto two hundred are not required to transact any business through postal ballot.
Any item of business required to be transacted by means of postal ballot under clause (a), may be transacted at a general meeting by a company which is required to provide the facility to members to vote by electronic means under section 108, in the manner provided in that section.]
Our 3 Step Simple Process
Engagement & Consultation
Information Collection & Documentation
Preparation of Postal Ballot Form
Private Limited Companies are not required to pass any resolution through Postal Ballot
A resolution, if passed, is deemed to have been duly passed at a General Meeting. The date of declaration of result is generally deemed as the date of the General Meeting.
A Scrutinizer has to be appointed for scrutinizing the entire Postal Ballot process
The Shareholders get a period of 30 days from the date of dispatch of Notice to cast their vote.
An advertisement is published in the principal vernacular language of the district in which the registered office of the company is situated, and in English language in an English newspaper, about having dispatched the ballot papers
Items of business which shall be passed only by Postal Ballot
Alteration of the objects clause of the Memorandum
Alteration of Articles of Association in relation to insertion or removal of provisions which are required to be included in the Articles of a company in order to constitute it a private company
Change in place of Registered Office outside the local limits of any city, town or village
Change in objects for which a company has raised money from public through prospectus and still has any unutilized amount out of the money so raised
Issue of shares with differential rights as to voting or dividend or otherwise
Variation in the rights attached to a class of shares or debentures or other securities
Buy-back of shares by a company
Appointment of a Director elected by Small Shareholders
Sale of the whole or substantially the whole of an undertaking of a company
Giving loans or extending guarantee or providing security in excess of the limit specified
Any other Resolution prescribed under any applicable law, rules or regulations
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all inclusive fees
Drafting of Postal Ballot Form with One Resolution