Recently, the Postal Department has discontinued the UPC service namely the facility of Certificate of Posting.Therefore, now the Ministry of Corporate Affairs has permitted the service of documents upon the Shareholders through e-mail instead of physical mode, the method presently applicable. To this effect, now the MCA has come out with a Circular No.17/2011 dated 21.04.2011.
This circular really brings a great relief to all stake holders in particular to the Listed Public Companies as it provides that the documents which are required to be served to members can be done by way of email (u/s 53 of the Companies Act 1956).
A copy of the relevant circulars are appended herewith for reference.
Thanks to MCA for its quick initiative. #pdf
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on 28 April 2011
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