What are the principles laid down under the Secretarial Standard on General Meetings (SS-2) with regard to 'conduct of poll' you would adhere to as a Company Secretary ?
CS Professional · Secretarial Audit, Compliance Management and Due Diligence · PYQS · December 2016
What are the principles laid down under the Secretarial Standard on General Meetings (SS-2) with regard to 'conduct of poll' you would adhere to as a Company Secretary ?
Answer & Explanation:
The principles laid down under the Secretarial Standard on General Meetings (SS-2) with regard to 'conduct of poll' are as follows:- Conduct of Poll Validity of Demand: When a poll is demanded on any Resolution, the Chairman shall get the validity of the demand verified and, if the demand is valid, shall order the poll forthwith if it is demanded on the question of appointment of the Chairman or adjournment of the Meeting and, in any other case, within forty-eight hours of the demand for poll. Announcement of Date, Venue and Time: In the case of a poll, which is not taken forthwith, the Chairman shall announce the date, venue and time of taking the poll to enable Members to have adequate and convenient opportunity to exercise their vote. The Chairman may permit any member who so desires to be present at the time of counting of votes. Separate Voting for Each Resolution: Each Resolution put to vote by poll shall be put to vote separately. One ballot paper may be used for more than one item. Appointment of Scrutinisers: The Chairman shall appoint such number of scrutinisers, as he deems necessary, who may include a Company Secretary in Practice, a Chartered Accountant in Practice, a Cost Accountant in Practice, an Advocate or any other person of repute who is not in the employment of the company, to ensure that the scrutiny of the votes cast on a poll is done in a fair and transparent manner. Declaration of results Chairman's Declaration: Based on the scrutiniser's report, the Chairman shall declare the result of the poll within two days of the submission of report by the scrutiniser, with details of the number of votes cast for and against the Resolution, invalid votes and whether the Resolution has been carried or not. Display and Website Placement: The result of the poll with details of the number of votes cast for and against the Resolution, invalid votes and whether the Resolution has been carried or not shall be displayed on the Notice Board of the company at its Registered Office and its Head Office as well as Corporate Office, if any, if such office is situated elsewhere, and in case of companies having a website, shall also be placed on the website. Decision of the Meeting: The result of the poll shall be deemed to be the decision of the meeting on the Resolution on which the poll was taken. It is the duty of company secretary to assist the board in conduct of poll and ensure compliance required under the act and under the Secretarial Standards on General Meeting SS-2.
Topics: Secretarial Standards
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