Green initiatives in the Corporate Governance

Ministry of Corporate Affairs has vide Circular No. 17/2011 dated 21st April 2011 taken a ‘Green initiative in the Corporate Governance’ by allowing paperless compliances by the companies after considering Section 2, 4, 5 and 81 of the Information and Technology Act, 2000 for legal validity of compliances under Companies Act through electronic mode. It has been clarified that if the service of documents are made through electronic mode after obtaining the e-mail addresses of its members for sending the notice/documents through e-mail, it is a sufficient compliance as per Section 53 Companies Act, 1956.