Notice of Resolution passed by Postal Ballot - Section 110
Section: This notice is governed by Section 110 of the Companies Act, 2013.
Purpose: The purpose of this notice is to inform the shareholders of a company about the passing of any resolution through a postal ballot.
Applicability: This notice is applicable to all companies that have passed any resolution through a postal ballot.
Timeline: The notice should be sent within 7 days of passing the resolution.
Exemption: There are no exemptions provided under this section.
Penalty not doing: Failure to comply with the provisions of this section may lead to penalties under Section 117 of the Companies Act, 2013. The penalty for non-compliance can range from Rs. 25,000 to Rs. 5,00,000.
Due date: The notice should be sent within 7 days of passing the resolution.
Forms: There are no specific forms prescribed for this notice.
Reporting authority: The notice should be sent to all shareholders of the company.
Other details: The notice should contain details about the resolution passed through a postal ballot, along with the voting results and the date of passing the resolution. The notice should also include instructions on how to vote on a postal ballot in case of future resolutions.
