Government streamlines e-voting norms for companies

New Delhi: The government on Monday issued a set of clarifications to make it easier for various classes of companies to seek shareholder approval for decisions by streamlining the rules related to electronic voting.

The Ministry of Corporate Affairs said in a statement that the clarifications allow companies, which are required to offer e-voting facility to shareholders to also intimate them about general meetings by way of an e-mail rather than by post.

The clarifications seek to provide greater clarity regarding issue of notices to members for meetings by using only electronic means, in view of the coronavirus crisis related lockdown and social distancing requirements, the ministry said. The clarifications also will ensure that companies facilitate registration of email addresses of their shareholders.