Voting by postal ballot means voting by ballot, by post or electronic means. Every company, except a company having less than or equal to two hundred Members, shall transact items of business as prescribed, only by means of postal ballot instead of transacting such business at a General Meeting.
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. [Section 110(2)]
Items of business which shall be passed only by postal ballot