The Government of India and other authorities come up with regulations relating to online voting from time to time.
Ministry of Corporate Affairs (MCA) and Securities and Exchange Board of India (SEBI) has made it mandatory for listed companies to provide online voting facility to its shareholders. Also, companies with more than 1000 members and bigger associations must mandatorily provide eVoting facility to its members.
Similarly, Insolvency and Bankruptcy Code (IBC) has made it mandatory to provide creditors with online voting facility.
In most other organizations including cooperative housing societies, associations, clubs, colleges, NGOs and unions online voting is optional and not compulsory.
Here we list down a few of the government notifications relating to online voting.
|Sr.no||Name of the Authority / Act||Subject||Date||Docs|
|1||Ministry of Corporate Affairs (MCA)||MCA approval to Right2Vote as eVoting agency||24th May 2019|
|2||THE INSOLVENCY AND BANKRUPTCY CODE (IBC) (SECOND AMENDMENT) ACT, 2018||eVoting related provisions under IBC||17th Aug 2018|
|3||The New Companies Act 2013 MINISTRY OF CORPORATE AFFAIRS (MCA )||eVoting in listed corporates and companies with more than 1000 members||19th March 2015|
|4||Securities and exchange Board of India (SEBI)||Platform for eVoting by Shareholders of Listed companies||13th July 2012|
All listed companies proposing to have shareholder voting under the new Indian Companies Act, 1956 need to notify the shareholders in advance and also need to list the information on the website. Please find below the notification of upcoming shareholder voting.
|Sr.no||Name of the company||AGM Date||Notice|
|1||Hotel and Restaurant Association of Northern India||30th September 2022|
|2||DONEAR INDUSTRIES LIMITED||23rd September 2019|
All listed companies which have conducted shareholder voting under the new Indian Companies Act, 1956 need to upload the results to the website within the pre-defined timeline. Please find below results of shareholder voting events.