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TMI BlogGreen initiative in the Corporate Governance – Participation by Shareholders in general meetings under the Companies Act, 1956 through electronic mode.X X X X Extracts X X X X X X X X Extracts X X X X ..... hi-110 001. Dated: 20th May, 2011 To All Regional Directors All Registrars of Companies Subjects:-Green initiative in the Corporate Governance Participation by Shareholders in general meetings under the Companies Act, 1956 through electronic mode. The Ministry of Corporate Affairs has taken a Green Initiative in the Corporate Governance by allowing paperless compliance ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... pate in a general meeting under the provisions of Companies Act, 1956 through electronic mode. For this purpose, the company shall also comply with the following requirements and procedures, in addition to the normal procedures required under the Companies Act, 1956 for holding general meeting : (a) Electronic mode means video conference facility i.e., audio-visual electronic communi ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... he concerned shareholder or proxy to the shareholder is attending the meeting through electronic mode. (v) If a statement of a participant in the meeting via video conferencing is interrupted or garbled, the Chairman of the meeting or Secretary shall request for a repeat or reiteration, and if need be, the Chairman or Secretary shall repeat what he heard the participant was saying for ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... cally present at the place of the meeting. 6. To provide larger participation and for curbing the cost borne by the shareholders to attend general meetings, listed companies may provide video conferencing connectivity during such meetings at least five places in India. It is recommended that these places would be situated all over India in such a way that it covers top five States/UTs based on ..... X X X X Extracts X X X X X X X X Extracts X X X X
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