ISLAMABAD: Securities and Exchange Commission of Pakistan (SECP) has made amendments to Companies (Postal Ballot) Regulations, 2018 whereby right to vote through an electronic voting facility must be provided to members of every listed company for all businesses classified as special business under Companies Act 2017.

These amendments have especially been introduced to add greater value to shareholders for their maximum participation by facilitating them to cast their votes with accessibility of an e-voting system from anywhere in world, thus bringing greater ease and transparency in election/polling process while reducing/eliminating paper-based working at issuer(s) end.

Being leading Share Registrar Service partner, CDC Share Registrar Services Limited (CDCSR), wholly owned subsidiary of Central Depository Company of Pakistan Limited, recently conducted series of awareness sessions regarding these recent amendments, held at CDC’s Karachi and Lahore Offices with representatives of listed companies.

These sessions, hosted by CDCSR representatives, included detailed presentation, system demo and Q&A sessions.  It must be highlighted here CDCSR, being proactive industry leader, has already been providing e-voting services since 2018 and is therefore fully capable of optimising challenges faced by capital market stakeholders due to subject amendments.

CDCSR has successfully extended its eVoting facility to leverage shareholders of National Bank of Pakistan, Faysal Bank Limited, United Bank Limited, Askari Bank Limited, Allied Bank Limited, Sazgar Engineering Works Limited and Synthetic Products Limited etc.

Published in The Daily National Courier, April, 14 2023

Like Business on Facebook, follow @DailyNCourier on Twitter to stay informed and join in the conversation.