Dear Members,
My query is related to service of documents to the share holders of the Company.
As per the Circular No. 18/2011 dated 29/04/2011 now we can send the Annual Reports to Share holders through electronic mode if and only if they have updated there Email Id's to the company. In other case, we can send the reports as per the process laid down in Section 53 of the Companies Act, 1956.
As per the Section 53, documents can send under the certificate of posting (UPC) or by registered post to the share holders if they have intimated to Company in advance and deposited the sufficient sum to defray the expenses.
It further says that it can also be send by ordinary course of post.
As we all know very well that the UPC services by postal authorities are been stopped and the expenses of registered post is quite heavy.
So can we send the annual reports by using the courier services ?
Can the courier services be considered as the ordinary course of post?
CAclubindia
