{"id":3804,"date":"2023-01-03T11:24:32","date_gmt":"2023-01-03T11:24:32","guid":{"rendered":"https:\/\/www.paytmmoney.com\/blog\/?p=3804"},"modified":"2023-03-17T08:07:43","modified_gmt":"2023-03-17T08:07:43","slug":"evoting-live-on-paytm-money","status":"publish","type":"post","link":"https:\/\/www.paytmmoney.com\/blog\/evoting-live-on-paytm-money\/","title":{"rendered":"eVoting, Live on Paytm Money!"},"content":{"rendered":"<p><span style=\"font-weight: 400;\">India is a democracy, and we all know the importance of voting in a democracy. But did you know that your democratic rights also extend to companies? Let\u2019s try and understand it with an example.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Let\u2019s say your friend has a brilliant new business idea, but needs money to start his venture. You, being a good friend, help him out, and in return, you get a stake in the company (in technical terms, you are an equity investor in your friend\u2019s venture). Now obviously, your friend is the expert in the venture he has started, so in day-to-day operational decisions, he doesn\u2019t come and ask your permission.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">But let\u2019s say he now wants to do something new and different, in the same venture. As a shareholder, you would obviously have a say. Both of you can then discuss the merits of this new activity and then decide if you should proceed.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Large listed companies too, work the same way. Here, there are essentially 3 layers of decision making authority<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">The management of the company &#8211; For the operational, day-to-day decisions of the company<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">The Board of Directors &#8211; To oversee the management, and to approve major\/strategic decisions<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">The shareholders &#8211; For decisions beyond the board (ex &#8211; appointment of board of directors, remuneration of CEO etc etc)<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">The Board, which represents the shareholders is an additional layer here, as it might become operationally very difficult to go to the shareholders for every decision.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">But shareholders do have a right, and have a right to vote on major decisions of the company. Just like your vote to elect the next MP, or MLA matters, your vote on important decisions of the company matter!<\/span><\/p>\n<p><span style=\"font-weight: 400;\">You own the company and you have a right to vote on important matters of the company. And just like elections, it is as much your duty, as it is your right to vote. (In case you doubt me on the duty part, SEBI mandates institutional investors to vote on all the resolutions in the companies they own, and the logic for their vote (yes\/no) has to be maintained and audited)<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Let\u2019s take some examples of a few decisions that come to a shareholder vote.\u00a0<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">SIS Limited is asking the permission of the shareholders for appointing Ms. Rivoli Sinha as a non executive director of the company (The notice issued by the company has her credentials, her relationship with the promoters of the company, her shareholding etc so that you can make an informed decision)<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">JK Tyre is seeking the vote of shareholders to appoint Mr. Subhrakant Panda as an independent director of the company. Again, the notice has details about Mr. Panda for you to decide if he can represent the rights of minority shareholders appropriately in the Board<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Muthoot Capital is seeking shareholders&#8217; vote to approve the remuneration of its Managing director, for the current year, and for the next 3 years.\u00a0<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">Now you might wonder how your vote would matter when there are large institutional investors and promoters who control the company. Well, you are mistaken. Your vote matters!<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The example of Muthoot Capital is a wonderful one to show the power of shareholders.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">On 5th September, Muthoot Capital proposed <\/span><a href=\"https:\/\/www.bseindia.com\/xml-data\/corpfiling\/AttachHis\/0e77eb17-cf9f-4f82-95b4-9c8af07e4d0a.pdf\"><span style=\"font-weight: 400;\">a resolution<\/span><\/a><span style=\"font-weight: 400;\"> to fix the salary of its MD, Mr. Thomas Muthoot at Rs. 4.2 Cr for the current year and for the subsequent 3 years. This resolution was put to vote (postal ballot and e voting) on the 27th of September.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The public shareholders voted with their feet and <\/span><a href=\"https:\/\/www.bseindia.com\/xml-data\/corpfiling\/AttachHis\/889a2614-ae21-4e45-9581-6ad4a8d71d1c.pdf\"><span style=\"font-weight: 400;\">rejected the resolution<\/span><\/a><span style=\"font-weight: 400;\">.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The company was now forced to lower the remuneration and <\/span><a href=\"https:\/\/www.bseindia.com\/xml-data\/corpfiling\/AttachHis\/de64c1e1-285a-4032-b7e7-2cded09d2373.pdf\"><span style=\"font-weight: 400;\">request shareholders\u2019 approval again<\/span><\/a><span style=\"font-weight: 400;\">.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Paytm Money understands the power of your vote and has made a simple process for you to exercise your vote, on important decisions in the companies you own!<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Cast your eVote today at: <\/span><a href=\"https:\/\/www.paytmmoney.com\/stocks\/corporate-actions\"><span style=\"font-weight: 400;\">https:\/\/www.paytmmoney.com\/stocks\/corporate-actions<\/span><\/a><\/p>\n<h3><strong>How to vote on shareholder proposals via Paytm Money?<\/strong><\/h3>\n<p><span style=\"font-weight: 400;\">1. Enter Stocks Dashboard from the home screen<\/span><\/p>\n<p><img decoding=\"async\" class=\"aligncenter size-large wp-image-3821\" src=\"https:\/\/paytmmoney.wpengine.com\/wp-content\/uploads\/2023\/01\/eVoting-screenshot1-2-576x1024.png\" alt=\"\" width=\"576\" height=\"1024\" srcset=\"https:\/\/www.paytmmoney.com\/blog\/wp-content\/uploads\/2023\/01\/eVoting-screenshot1-2-576x1024.png 576w, https:\/\/www.paytmmoney.com\/blog\/wp-content\/uploads\/2023\/01\/eVoting-screenshot1-2-169x300.png 169w, https:\/\/www.paytmmoney.com\/blog\/wp-content\/uploads\/2023\/01\/eVoting-screenshot1-2-768x1365.png 768w, https:\/\/www.paytmmoney.com\/blog\/wp-content\/uploads\/2023\/01\/eVoting-screenshot1-2-864x1536.png 864w, https:\/\/www.paytmmoney.com\/blog\/wp-content\/uploads\/2023\/01\/eVoting-screenshot1-2.png 1080w\" sizes=\"(max-width: 576px) 100vw, 576px\" \/><\/p>\n<p><span style=\"font-weight: 400;\">2. Click the tab &#8220;Account&#8221; on the bottom right<\/span><\/p>\n<p><img decoding=\"async\" class=\"size-large wp-image-3822 aligncenter\" src=\"https:\/\/paytmmoney.wpengine.com\/wp-content\/uploads\/2023\/01\/eVoting-screenshot-0-576x1024.jpg\" alt=\"eVoting paytm money\" width=\"576\" height=\"1024\" srcset=\"https:\/\/www.paytmmoney.com\/blog\/wp-content\/uploads\/2023\/01\/eVoting-screenshot-0-576x1024.jpg 576w, https:\/\/www.paytmmoney.com\/blog\/wp-content\/uploads\/2023\/01\/eVoting-screenshot-0-169x300.jpg 169w, https:\/\/www.paytmmoney.com\/blog\/wp-content\/uploads\/2023\/01\/eVoting-screenshot-0-768x1365.jpg 768w, https:\/\/www.paytmmoney.com\/blog\/wp-content\/uploads\/2023\/01\/eVoting-screenshot-0-864x1536.jpg 864w, https:\/\/www.paytmmoney.com\/blog\/wp-content\/uploads\/2023\/01\/eVoting-screenshot-0.jpg 1080w\" sizes=\"(max-width: 576px) 100vw, 576px\" \/><\/p>\n<p><span style=\"font-weight: 400;\">3. Scroll and click on the tab of Corporate actions mentioned as \u201cBuyback, etc\u201d<\/span><\/p>\n<p><img decoding=\"async\" class=\"size-large wp-image-3816 aligncenter\" src=\"https:\/\/paytmmoney.wpengine.com\/wp-content\/uploads\/2023\/01\/eVoting-screenshot2-1-576x1024.png\" alt=\"eVoting paytm money\" width=\"576\" height=\"1024\" srcset=\"https:\/\/www.paytmmoney.com\/blog\/wp-content\/uploads\/2023\/01\/eVoting-screenshot2-1-576x1024.png 576w, https:\/\/www.paytmmoney.com\/blog\/wp-content\/uploads\/2023\/01\/eVoting-screenshot2-1-169x300.png 169w, https:\/\/www.paytmmoney.com\/blog\/wp-content\/uploads\/2023\/01\/eVoting-screenshot2-1-768x1365.png 768w, https:\/\/www.paytmmoney.com\/blog\/wp-content\/uploads\/2023\/01\/eVoting-screenshot2-1-864x1536.png 864w, https:\/\/www.paytmmoney.com\/blog\/wp-content\/uploads\/2023\/01\/eVoting-screenshot2-1.png 1080w\" sizes=\"(max-width: 576px) 100vw, 576px\" \/><\/p>\n<p>&nbsp;<\/p>\n<p><span style=\"font-weight: 400;\">4. Click on \u201ceVoting\u201d<\/span><\/p>\n<p><img decoding=\"async\" class=\"size-large wp-image-3817 aligncenter\" src=\"https:\/\/paytmmoney.wpengine.com\/wp-content\/uploads\/2023\/01\/eVoting-screenshot3-1-576x1024.png\" alt=\"eVoting paytm money\" width=\"576\" height=\"1024\" srcset=\"https:\/\/www.paytmmoney.com\/blog\/wp-content\/uploads\/2023\/01\/eVoting-screenshot3-1-576x1024.png 576w, https:\/\/www.paytmmoney.com\/blog\/wp-content\/uploads\/2023\/01\/eVoting-screenshot3-1-169x300.png 169w, https:\/\/www.paytmmoney.com\/blog\/wp-content\/uploads\/2023\/01\/eVoting-screenshot3-1-768x1365.png 768w, https:\/\/www.paytmmoney.com\/blog\/wp-content\/uploads\/2023\/01\/eVoting-screenshot3-1-864x1536.png 864w, https:\/\/www.paytmmoney.com\/blog\/wp-content\/uploads\/2023\/01\/eVoting-screenshot3-1.png 1080w\" sizes=\"(max-width: 576px) 100vw, 576px\" \/><\/p>\n<p>&nbsp;<\/p>\n<p><span style=\"font-weight: 400;\">5. You\u2019ll be redirected to the CDSL website for authorizing via OTP. Enter the OTP received in your registered mobile and email account<\/span><\/p>\n<p><img decoding=\"async\" class=\"size-large wp-image-3819\" src=\"https:\/\/paytmmoney.wpengine.com\/wp-content\/uploads\/2023\/01\/eVoting-screenshot2c-1024x576.png\" alt=\"eVoting paytm money\" width=\"1024\" height=\"576\" srcset=\"https:\/\/www.paytmmoney.com\/blog\/wp-content\/uploads\/2023\/01\/eVoting-screenshot2c-1024x576.png 1024w, https:\/\/www.paytmmoney.com\/blog\/wp-content\/uploads\/2023\/01\/eVoting-screenshot2c-300x169.png 300w, https:\/\/www.paytmmoney.com\/blog\/wp-content\/uploads\/2023\/01\/eVoting-screenshot2c-768x432.png 768w, https:\/\/www.paytmmoney.com\/blog\/wp-content\/uploads\/2023\/01\/eVoting-screenshot2c-1536x864.png 1536w, https:\/\/www.paytmmoney.com\/blog\/wp-content\/uploads\/2023\/01\/eVoting-screenshot2c.png 1600w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/p>\n<p>&nbsp;<\/p>\n<p><span style=\"font-weight: 400;\">6. In case you are promoted for selecting ESP details like CDSL\/NSDL etc close the window. Now you\u2019ll be able to see a list of companies currently open for eVoting for which you are eligible. Click on eVoting against the company you\u2019re interested to vote for<\/span><\/p>\n<p><img decoding=\"async\" class=\"size-large wp-image-3820\" src=\"https:\/\/paytmmoney.wpengine.com\/wp-content\/uploads\/2023\/01\/eVoting-screenshot2d-1024x576.png\" alt=\"evoting paytm money\" width=\"1024\" height=\"576\" srcset=\"https:\/\/www.paytmmoney.com\/blog\/wp-content\/uploads\/2023\/01\/eVoting-screenshot2d-1024x576.png 1024w, https:\/\/www.paytmmoney.com\/blog\/wp-content\/uploads\/2023\/01\/eVoting-screenshot2d-300x169.png 300w, https:\/\/www.paytmmoney.com\/blog\/wp-content\/uploads\/2023\/01\/eVoting-screenshot2d-768x432.png 768w, https:\/\/www.paytmmoney.com\/blog\/wp-content\/uploads\/2023\/01\/eVoting-screenshot2d-1536x864.png 1536w, https:\/\/www.paytmmoney.com\/blog\/wp-content\/uploads\/2023\/01\/eVoting-screenshot2d.png 1600w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/p>\n<p><span style=\"font-weight: 400;\">6. Proceed to read the proposal and cast your vote<\/span><\/p>\n<p><img decoding=\"async\" class=\"aligncenter size-large wp-image-3823\" src=\"https:\/\/paytmmoney.wpengine.com\/wp-content\/uploads\/2023\/01\/eVoting-screenshot2e-1024x576.jpg\" alt=\"\" width=\"1024\" height=\"576\" srcset=\"https:\/\/www.paytmmoney.com\/blog\/wp-content\/uploads\/2023\/01\/eVoting-screenshot2e-1024x576.jpg 1024w, https:\/\/www.paytmmoney.com\/blog\/wp-content\/uploads\/2023\/01\/eVoting-screenshot2e-300x169.jpg 300w, https:\/\/www.paytmmoney.com\/blog\/wp-content\/uploads\/2023\/01\/eVoting-screenshot2e-768x432.jpg 768w, https:\/\/www.paytmmoney.com\/blog\/wp-content\/uploads\/2023\/01\/eVoting-screenshot2e-1536x864.jpg 1536w, https:\/\/www.paytmmoney.com\/blog\/wp-content\/uploads\/2023\/01\/eVoting-screenshot2e.jpg 1600w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/p>\n<h3><strong>Eligibility criteria for shareholders to e-vote on proposals?<\/strong><\/h3>\n<p><span style=\"font-weight: 400;\">Any shareholder which has stocks of the company as on record date is allowed to apply for eVoting during the eVoting commencement to closing period.<\/span><\/p>\n<p><i><span style=\"font-weight: 400;\">Disclaimer: Investment in the securities market are subject to market risks, read all the related documents carefully before investing.The securities are quoted as an example and not as a recommendation and such representations are not indicative of future results. Paytm Money Ltd SEBI Reg No. Broking \u2013 INZ000240532. NSE (90165), BSE(6707) Regd Office: 136, 1st Floor, Devika Tower, Nehru Place, Delhi \u2013 110019. Refer <\/span><\/i><a href=\"https:\/\/www.paytmmoney.com\/stocks\/policies\/terms#ipo\"><i><span style=\"font-weight: 400;\">www.paytmmoney.com\/stocks\/policies\/terms#fno-dashboard<\/span><\/i><\/a><i><span style=\"font-weight: 400;\"> for further information.<\/span><\/i><\/p>\n","protected":false},"excerpt":{"rendered":"<p>India is a democracy, and we all know the importance of voting in a democracy. But did you know that your democratic rights also extend to companies? Let\u2019s try and understand it with an example.\u00a0 Let\u2019s say your friend has a brilliant new business idea, but needs money to start his venture. You, being a<a href=\"https:\/\/www.paytmmoney.com\/blog\/evoting-live-on-paytm-money\/\">Continue reading <span class=\"sr-only\">&#8220;eVoting, Live on Paytm Money!&#8221;<\/span><\/a><\/p>\n","protected":false},"author":24,"featured_media":3811,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8,12,14],"tags":[],"class_list":["post-3804","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-announcements","category-featured","category-product-updates"],"_links":{"self":[{"href":"https:\/\/www.paytmmoney.com\/blog\/wp-json\/wp\/v2\/posts\/3804","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.paytmmoney.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.paytmmoney.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.paytmmoney.com\/blog\/wp-json\/wp\/v2\/users\/24"}],"replies":[{"embeddable":true,"href":"https:\/\/www.paytmmoney.com\/blog\/wp-json\/wp\/v2\/comments?post=3804"}],"version-history":[{"count":0,"href":"https:\/\/www.paytmmoney.com\/blog\/wp-json\/wp\/v2\/posts\/3804\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.paytmmoney.com\/blog\/wp-json\/wp\/v2\/media\/3811"}],"wp:attachment":[{"href":"https:\/\/www.paytmmoney.com\/blog\/wp-json\/wp\/v2\/media?parent=3804"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.paytmmoney.com\/blog\/wp-json\/wp\/v2\/categories?post=3804"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.paytmmoney.com\/blog\/wp-json\/wp\/v2\/tags?post=3804"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}