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Microlesson · 5-min read

Postal Ballot — Procedure, Scrutinizer & Items Transacted

# Postal Ballot — Procedure, Scrutinizer & Mandatory Items

## 1. Notice of Postal Ballot — Mandatory Contents

The notice sent to members must clearly specify:

  • (a) The procedure to fill and submit the postal ballot form.
  • (b) The date of completion of dispatch of notices.
  • (c) The date of commencement of voting.
  • (d) The date of end of voting.
  • (e) A statement that any postal ballot received beyond the end date is invalid (whether by post or e-voting).
  • (f) A statement that members who have not received forms may apply for a duplicate.
  • (g) Contact details of the person handling grievances on postal ballot/e-voting.

The notice must also be placed on the company's website immediately after dispatch and must remain there till the last date of receipt of ballots.

## 2. Appointment of Scrutinizer

  • The Board appoints ONE scrutinizer.
  • Must be a person NOT in the employment of the company.
  • In the Board's opinion, capable of conducting the process in a fair and transparent manner.
  • Must be willing to be appointed and available to ascertain the requisite majority.

## 3. Custody & Confidentiality

  • Ballots received are kept in the safe custody of the scrutinizer.
  • After receipt of assent/dissent in writing, no person may deface, destroy the ballot, or disclose the identity of the shareholder.
  • All ballot papers remain with the scrutinizer until the Chairman approves and signs the minutes, after which they are returned to the company for safekeeping.

## 4. Scrutinizer's Report & Register

  • Report must be submitted as soon as possible after the last date of receipt, but not later than 7 days.
  • The scrutinizer maintains a register (manual/electronic) containing:
  • Name, address, folio/client ID of shareholder
  • Number and nominal value of shares held
  • Whether shares have differential voting rights
  • Details of defaced/mutilated/invalid postal ballots

## 5. Cut-off for Receipt

Assent/dissent received after 30 days from issue of notice is treated as no reply received.

## 6. Declaration of Result

Results are declared by placing them, along with the scrutinizer's report, on the company's website.

## 7. Items of Business Mandatorily by Postal Ballot [Sec. 110(1)(a)]

The following must be transacted ONLY by postal ballot:

#ItemRelevant Section
(a)Alteration of objects clause of MOA / alteration of main objects (for pre-Act companies)
(b)Alteration of AOA for insertion/removal of private company provisionsSec. 2(68)
(c)Change in registered office outside local limits of city/town/villageSec. 12(5)
(d)Change in objects where money was raised from public via prospectus and unutilised amount remainsSec. 13(8)
(e)Issue of shares with differential rightsSec. 43(a)(ii)
(f)Variation in rights of class of shares/debentures/securitiesSec. 48
(g)Buy-back of sharesSec. 68(1)
(h)Election of a director by small shareholdersSec. 151
(i)Sale of whole/substantially whole of undertakingSec. 180(1)(a)
(j)Loans, guarantees, security in excess of limitSec. 186(3)

### Exceptions

  • First Proviso: Companies required to provide e-voting under Section 108 may transact these items at a general meeting (instead of postal ballot).
  • Second Proviso: One Person Companies and companies with up to 200 members are NOT required to transact any business through postal ballot.

## 8. Counting of Postal Ballots

A member voting by postal ballot has votes in proportion to his paid-up share capital, and need not use all votes the same way. Hence ballots received fall into 4 categories:

1. Assent ballots — full vote in favour

2. Dissent ballots — full vote against

3. Partial ballots — some assent + some dissent / partially unused

4. Invalid ballots — absent/mismatched signature, overwriting, etc.

Rule: Ballots are segregated as above, and the resolution is deemed passed if assents exceed dissents in number.

Worked example

### Example 1

Example 1 — Mandatory items: XYZ Ltd. (350 members, not required to provide e-voting) wishes to alter its objects clause. Must this go through postal ballot? Answer: Yes. Alteration of objects clause is mandatorily a postal ballot item under Sec. 110(1)(a). The 200-member exemption does not apply (XYZ has 350 members), and XYZ does not provide e-voting (so the first proviso allowing a general meeting also does not apply).

### Example 2

Example 2 — Partial voting: Mr. A holds 1,000 shares in ABC Ltd. He votes 600 shares in favour, 300 against, and leaves 100 unused on his postal ballot. Treatment: Valid. 600 votes count as assent, 300 as dissent, 100 not exercised. The scrutinizer records all three components.

### Example 3

Example 3 — Late receipt: A member's postal ballot is received on day 32 from the date of notice. Treatment: Treated as if no reply was received (since it crossed the 30-day window).

### Example 4

Example 4 — Small Company / OPC: A One Person Company wants to buy back shares. Must postal ballot be conducted? Answer: No. OPCs are exempt from postal ballot under the second proviso to Rule 22.

⚠️ Common exam mistakes

  • Confusing the scrutinizer's report deadline — it is within 7 days of the last date of receipt, NOT 7 days after the meeting/voting commencement.
  • Forgetting that the scrutinizer must NOT be an employee of the company.
  • Treating ballots received after the end-of-voting date as valid — they are invalid, AND anything received after 30 days from notice is deemed not received.
  • Assuming all companies must transact specified items by postal ballot — companies required to provide e-voting (Sec. 108) can use a general meeting instead; OPCs and ≤200-member companies are wholly exempt.
  • Forgetting that members may split votes between assent and dissent; treating ballots as all-or-nothing.
  • Forgetting to place the notice on the website immediately after dispatch and keep it there until the last date of receipt.
Bare-Act text Section 110 read with Rule 22 · Companies Act, 2013 & Companies (Management and Administration) Rules, 2014 · click to expand
Section 110 of the Companies Act, 2013 read with Rule 22 of the Companies (Management and Administration) Rules, 2014 — items mandatorily to be transacted by postal ballot include alteration of objects clause; alteration of AOA for private company conversion provisions; change of registered office outside local limits; change in objects where money raised through prospectus remains unutilised; issue of shares with differential rights; variation in rights of class of shares/securities; buy-back; election of director under Sec. 151; sale of whole/substantially whole undertaking; and loans/guarantees/security exceeding the Sec. 186(3) limit. OPCs and companies with up to 200 members are exempt. Companies required to provide e-voting under Sec. 108 may transact these items at a general meeting.
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