Briefly describe the provisions of Meetings of shareholders and voting under Regulation 44 as per SEBI (LODR) Regulations 2015.

CS Professional · Corporate Funding & Listings in Stock Exchanges · PYQS · June 2022
Briefly describe the provisions of Meetings of shareholders and voting under Regulation 44 as per SEBI (LODR) Regulations 2015.

Answer & Explanation:

The provisions of Meetings of shareholders and voting as per Regulation 44 of SEBI (LODR) Regulations, 2015 are as under: The listed entity shall provide the facility of remote e-voting facility to shareholders in respect of all shareholder's resolutions. The e-voting facility to be provided to shall be provided in compliance with the conditions specified under the Companies (Management and Administration) Rule 2014. The listed entity shall submit to the stock exchange details regarding the voting results in the format specified by the SEBI, within two working days of conclusion of its General Meeting. The listed entity shall send proxy forms to holders of securities in all cases mentioning that a holder may vote either for or against each resolution. The top 100 listed entities by market capitalization, determined as on March 31st of every financial year shall hold their annual general meetings within a period of five months from the date of closing of the financial year. The top 100 listed entities shall provide one-way live webcast of the proceedings of the annual general meetings.

Topics: Corporate Governance

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