CDSL launched e-Voting System for Corporates

We take the pleasure in announcing that CDSL Ventures Ltd., a wholly owned subsidiary of Central Depository Services (India) Limited (CDSL), has designed an electronic voting system as an alternative to the paper-based postal ballot process, to facilitate voting on company resolutions. This system was inaugurated on November 17, 2009 by Hon’ble  Minister Shri Salman Khurshid, Ministry of Corporate Affairs.

e-Voting is an internet based system through which shareholders can login and register their votes on company resolutions. The system would process, record votes automatically and facilitate declaration of voting results quickly. We believe e-Voting system would be relatively more efficient, convenient and cost effective. The Companies (Passing of the Resolution by Postal Ballot) Rules, 2001 issued by Central Government under Section 642 of the Companies Act, 1956, includes electronic voting.

We hereby enclose a broucher on e-Voting. We would be happy to make a presentation to you and your team on the e-Voting system at your convenience

Yours sincerely,

Cyrus Khambata

Chief Executive Officer

CDSL Ventures Ltd.

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