Section 110 of Companies Act, 2013

110. Postal ballot

(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, 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.

Complete: companies-act-2013