The new Companies Act’s e-voting provision and SEBI’s circular could eliminate the platform for retail shareholders to organise themselves

Talk to any company and it will tell you that the new Companies Act is complicating rather than simplifying matters. Companies are talking about how industry’s suggestions have been ignored, why it is just not possible to implement large swathes of the new regulations and what now needs to be done: a band-aid cannot fix this and only the full surgery of redrafting will provide companies a cure—in other words, companies are saying, “Scrap it”.

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