Sebi circular dated february 4, 2013 on scheme of arangement
This query is : Resolved
28 June 2013
As per SEBI Circular Listed companies shall ensure that the Scheme submitted with the Hon’ble High Court for sanction, provides for obtaining shareholders’ approval through special resolution passed through postal ballot and e-voting, after disclosure of all material facts in the explanatory statement sent to the shareholders in relation to such resolution. The Scheme shall also provide that the special resolution shall be acted upon only if the votes cast by public shareholders in favor of the proposal amount to at least two times the number of votes cast by public shareholders against it.
So is it compulsory to pass the scheme by both e-voting and postal ballot and the condition of public shareholders approval??
If any other option available then please specify??
So is it compulsory to pass the scheme by both e-voting and postal ballot and the condition of public shareholders approval??
If any other option available then please specify??
28 June 2013
If your company is listed company then you will follow the circular issued by it on 04.02.2013.
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