Saturday, May 18, 2013

Postal ballot

From: BIPIN ACHARYA <bipinsacharya@gmail.com>
Date: Wed, Sep 21, 2011 at 10:09 AM
Subject: [CS_yahoogroups) Voting on resolution through Postal Ballot
To: cs <charteredsecretaries@yahoogroups.co.in>, Company_Secretary <company_secretary@yahoogroups.com>



 
Dear friends,

Recently, I came across a Postal Ballot  circulated to members providing for Voting as under:


I/we assent to the resolution               I/we assent to the resolution
FOR                                                 AGAINST
=====================              =====================

The dictionary meaning of the word assent is : approval, consent, permission, agreement.

Is the above mode not perplexing? Not confusing?
                                                                           ==================================

Secondly, when a member holding shares votes, he has the discretion to vote for/ vote against/vote neither in favour or against the resolution.He is deprived of the opportunity to so signify, record.
Normally, it is found that Ballot Paper does not contain the third option.
People not providing for the third option may argue  that by absenting from voting  also, the member  can signify the same. Then why provide for the third option?
[1]In fact,the member may be desiring to get it recorded that he participated in the voting and did not vote in favour or against the resolution.
[2]Also, a member holding 100 shares and desiring to cast 40 FOR, 50 AGAINST and 10 NEITHER IN FAVOUR NOR AGAINST the resolution .
Are we not depriving him to signify his voting in the manner desired by him?

Is it not advisable to provide for all the three modes of voting in all circular resolutions, all ballots and postal ballots?

Members may share their views, work-experiences,please.

charms,
bipin

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