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The Corporate Affairs Ministry has formed a working group to examine and review the e-voting norms introduced under the new company law.
Indications are that the practical difficulties faced by companies and shareholders in implementation of the norms will be discussed threadbare by the working group.
The working group, which will have its first meeting on Tuesday (next week) in the Capital, comprises eight-nine members, including professionals and industry representatives, official sources said.
The new company law had ushered in the concept of e-voting to ensure wider shareholder participation in the decision-making process in companies.
To enable companies to comprehend the new procedural requirements and to ensure better compliance, the Corporate Affairs Ministry had said e-voting would be optional till December 31.
The Corporate Affairs Ministry had also clarified that a show of hands would not be allowed in case of e-voting.
Also, a person who had voted through the e-voting mechanism would not be barred from participation in the general meeting physically. But the person would not be able to vote in the meeting again, and his earlier vote cast through e-voting would be treated as final, the Corporate Affairs Ministry had said.
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