BooksIQThe FIRST AGM must be held within 9 MONTHS of the end of the first financial year. Every subsequent AGM must be held within 6 MONTHS of the FY-end AND within 15 MONTHS of the previous AGM. Held in business hours (9 a.m.–6 p.m.), not on a national holiday. One Person Companies are EXEMPT.
Key points
- §96 requires every company (other than a ONE PERSON COMPANY) to hold an ANNUAL GENERAL MEETING each year.
- The FIRST AGM must be held within 9 MONTHS from the close of the FIRST financial year (if so held, no AGM is required in the year of incorporation).
- Every SUBSEQUENT AGM must be held within 6 MONTHS from the close of the financial year, and the gap between two AGMs must NOT EXCEED 15 MONTHS.
- The Registrar may, for special reasons, EXTEND the time for a subsequent AGM by up to 3 MONTHS (NO extension is allowed for the first AGM).
- The meeting must be held during BUSINESS HOURS (between 9 a.m.
- and 6 p.m.), on a day that is NOT a NATIONAL HOLIDAY, at the registered office or within the city/town/village where the registered office is situated.
- Notice of 21 clear days is required.
Reference: §96 Companies Act 2013
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