[Notification Date: 26.03.2014; Effective from: 01.04.2014]
Section 110- Postal ballot. [Corresponds to Section 192A of the Companies Act, 1956]; [Relevant Rule: 22 of The Companies (Management and Administration) Rules, 2014]
(1) Notwithstanding anything contained in this Act, a company—
(a) shall, in respect of such items of business as the Central Government may, by notification, declare to be transacted only by means of postal ballot; and
(b) may, in respect of any item of business, other than ordinary business and any business in respect of which directors or auditors have a right to be heard at any meeting, transact by means of postal ballot,
in such manner as may be prescribed - [Rule 22], instead of transacting such business at a general meeting.
(2) If a resolution is assented to by the requisite majority of the shareholders by means of postal ballot, it shall be deemed to have been duly passed at a general meeting convened in that behalf.