Wednesday, September 16, 2015

Digital AGMs How E-voting works?

According to the rules, e-voting shall be open for a minimum of one day and a maximum of three days. This provides enough time for a shareholder to vote. The Rules are flexible enough to permit a person who has e-voted to attend the AGM and are rigid enough to prevent him from altering his vote at the AGM. The purpose of e voting is to ensure that a larger number of members get to participate in the affairs of the company.
 1. Local Law Mandatory
The Bombay High Court has clarified that two Indian parties putting the clauses of foreign law is against public policy. The High Court’s ruling, however, is silent on whether companies can choose a foreign location for arbitration but apply Indian law.

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