Saturday 23 April 2011

MCA Circular on alternative to UCP


Hello,

This refers to the order issued by the Post Office discontinuing the UCP mode of postage.

Keeping in view the above order and in order to support green initiative in the Corporate Governance, the Ministry of Corporate Affairs has vide its Circular No.17/2011 dated April 21, 2011 clarified that a Company would have complied with Section 53 of the Companies Act, 1956, if the service of document has been made through electronic mode provided that the Company has obtained email addresses of its members for sending the notice / documents through email by giving an advance opportunity to every shareholder to register their email address and changes therein from time to time with the Company.

In case where any member has not registered his email address with the Company, the service of document, etc. will be effected by other modes of service as provided under Section 53 (this includes ordinary post, etc.) of the Companies Act, 1956.

The Circular can be downloaded from http://www.mca.gov.in/Ministry/pdf/Circular_17-2011_21apr2011.pdf

Atul Vachharajani
Vachharajani & Associates