110. Postal ballot.—(1) Notwithstanding anything contained in this Act, a company—
(a) shall, in respect of such items of business as the Central Government may, by notification,
declare to be transacted only by means of postal ballot; and
(b) may, in respect of any item of business, other than ordinary business and any business in
respect of which directors or auditors have a right to be heard at any meeting, transact by means of
postal ballot,
in such manner as may be prescribed, instead of transacting such business at a general meeting.
(2) 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.
