Clarification regarding participation by shareholders or directors in meetings through electronic mode
July 2, 2011
MCA had issued a General circular in May, 2011 clarifying participation of Director's and Shareholder's in the Board Meetings and Shareholders Meetings, respectively. The MCA has now issued clarifications vide its Circular No. 35/2011 dated 6th June, 2011for better understanding of the earlier circular. MCA has clarified that video conferencing facility shall be mandatory in case of Listed Companies for all shareholders meeting held after F.Y. 2011 – 2012. The MCA entrusts the Chairman of the Meeting and Company Secretary of the Company with the responsibility of ensuring proper equipments and facilities for effective participation in the meeting. MCA also clarifies that, presently, National Security Depository Limited (NSDL) and Central Depository Services (India) Limited (CDSL) are the authorized agencies for providing the platform for e-voting.