SHAREHOLDERS CAN NOW CAST THEIR VOTES ONLINE

Shareholders can now cast their votes on corporate proposals through the click of a mouse without having to worry whether their response has reached the company or not. CDSL ventures (CVL), a wholly owned subsidiary of Central Depository Services (India) has launched the e-voting system for listed companies. The e-voting system would permit a company or its registrar to set up the schedule on the e-voting website and upload the resolution and register of shareholders. CVL would then generate and print a password on a pin mailer for each shareholder, which would be communicated to them along with the notices of the resolutions. Shareholders can access the e-voting website and cast their votes at any time during the voting period at a place of their convenience.