Demat Account: What is electronic voting and how does it work? MintGenie explains

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Also Read: Demat Account: Considering pledging shares? 5 things to keep in mind before going ahead Shareholders receive notification of proposed resolutions, typically ahead of a company's annual general meeting (AGM) or other special meetings, and they have the opportunity to cast their votes. Shareholders can exercise their voting rights through various means, including in-person attendance, proxy voting, postal or mail-in ballots, and electronic voting.

Among all these, the most convenient way to vote is through electronic voting, as it reduces time and has efficiency. Also Read: How does a demat account facilitate margin funding in trading? MintGenie explains Electronic voting, also known as e-voting, refers to the process of casting votes using electronic means, such as the internet or specialised voting machines.

It allows voters to submit their votes electronically instead of using traditional paper-based ballots. Electronic voting offers several potential benefits, including increased accessibility and convenience for voters, faster and more efficient vote counting, reduced costs associated with printing and distributing paper ballots, and enhanced security measures to safeguard the integrity of the voting process.

Further, e-voting platform aims to improve transparency and corporate governance standards and also helps in reducing the administrative cost associated with postal ballots while facilitating the declaration of results immediately after the close of the voting. Also Read: Demat Accounts: 12 key benefits of using auto pay facility for trade settlements Moreover, investors enjoy the advantage of casting their votes until the last day from the convenience of their home or office, thereby reducing the risk