Shareholder Voting: The
CDSL(Central
Depository Services (India) Limited) which provides demat account has come up recently
introduced a new service in the company’s voting process called
E-Voting, where a eligible investor/shareholder can cast their vote for
an resolution taken by the company/organization.
What is e-voting and How e-voting works?
E-voting is a facility made available for
the Companies to make their shareholders to cast their vote electronically on
the resolutions where usually requiring postal ballot.
How e-voting benefit the shareholders of the Company?
It is
an platform using internet which will enable an investors/shareholder to take
part in the decision making process of companies by expressing his willingness
and the shareholders can vote easily on any number of resolutions for any
number of companies in which they are eligible to vote. One can view the resolution file on the
e-Voting website.
As the
traditional form of filling up the physical Postal Ballot and returning it to
the Company, is now not required instead use this service which will help in
reducing the paper work, time as well as cost involved. The investors is
provided ample time to vote where even till the last day & last minute one
can cast the vote.
This
new process will help in following a fair and transparent manner for all stakeholders by providing
the convenience, reducing delays and increase the shareholders
involvement in the various kinds of shareholders meetings. The main objective for the introduction of
this service is to maintain transparency in the voting system, thus maintaining
good corporate governance and of course reducing the administrative cost.
*This
service is offered for absolutely free of cost.
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