Question

As per Rule 20 of the Companies (Management and Administration) Amendment Rules, 2014, every company which has listed its equity shares on a recognized stock exchange and every company having not less than ________ shall provide to its members facility to exercise their right to vote on resolutions proposed to be considered at a general meeting by electronic means.

• A. 500 members
• B. 1,000 members
• C. 5,000 members
• D. 2,000 members

Answer 1

The correct option is B 1,000 members

Rule 20 of the Rules, 2014 talks about voting through electronic means. The Rule mandates certain class of companies to provide their members facility for voting by electronic means at general meetings. As per the Sub section (1) of Rule 20 of Rules, 2014, every listed company or a company having not less than 1000 shareholders, shall provide to its members facility to exercise their right to vote at general meetings by electronic means.