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Rule 2 - Definitions:‑ - Companies (Passing of Resolution by Postal Ballot) Rules, 2011Extract 2. Definitions: ‑ In these rules unless the context otherwise requires - (a) Act means the Companies Act, 1956 (1 of 1956); (b) Agency means agency appointed for providing and supervising electronic platform for voting by electronic platform shall be an agency approved by the Ministry of Corporate Affairs. (c) Postal Ballot includes voting by share holders by postal or electronic mode instead of voting personally by presenting for transacting businesses in a general meeting of the company; (d) Requisite majority with regard to Special Resolution means votes cast in favour of the business is three times more than the votes cast against, with regard to ordinary resolution, votes cast in favour is more than the votes cast against . (e) Voting by electronic mode means a process for recording votes by the members using a computer based machine to display an electronic ballot and to record the vote and also the number of votes polled in favour or against such that the entire voting gets registered and counted in a electronic registry in a centralised server ; (f) Words and expressions used herein but not defined shall, unless the contest otherwise requires, bear the meaning, if any, as assigned to them under the Act and Information Technology Act, 2000.
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