NEW DELHI: Markets regulator Securities and Exchange Board of India (Sebi) on Wednesday came out with a mechanism to make the e-voting process more secure, convenient and simple for shareholders.
To increase the efficiency of the voting process, it has been decided to enable e-voting for all demat account holders by way of a single login credential through their demat accounts and websites of depositories, Sebi said in a circular. Demat account holders would be able to cast their votes without having to register again with the e-voting service providers (ESPs), thereby not only facilitating seamless authentication but also enhancing ease and convenience of participating in the e-voting process.
Currently, there are multiple ESPs providing e-voting facility to listed entities in the country. This necessitates registration on various ESPs and maintenance of multiple user IDs and passwords by the shareholders. Shareholders can directly register with depositories wherein they would be able to access the e-voting page of various ESPs through the websites of the depositories.
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