MUMBAI : Securities and Exchange Board of India has introduced a new clause to the listing agreement–clause 35B–that will make it mandatory for companies to provide shareholders e-voting facility for all resolutions that are transacted through postal ballot.

The company conducting a voting on a resolution can utilize the service of any one of the agencies providing e-voting platform that is compliant with conditions specified by the Ministry of Corporate Affairs, the capital market regulator said in a notice. The e-voting facility will remain open for the same duration as the period outlined for the postal ballot, SEBI said.

Clause 35A of the listing agreement makes it mandatory for companies to submit results of the voting to the stock exchange, within 48 hours of the conclusion of its general meeting.

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