In what is seen as some breather for India Inc, the Corporate Affairs Ministry has now said that e-voting provisions will not be mandatory till December 31.
This relaxation is being given to enable companies to comprehend the new procedural requirements and ensure better compliance.
The new company law had ushered in the concept of e-voting to ensure wider shareholders' participation in the decision-making process in companies.
The Corporate Affairs Ministry has also now clarified through a circular that show of hands will not be allowed in case of e-voting.
Also, a person who has voted through e-voting mechanism will not be barred from participation in the general meeting physically.
But the person will not be able to vote in the meeting again and his earlier vote cast through e-voting will be treated as final, the Corporate Affairs Ministry has said.
srivats.kr@thehindu.co.in