§ 175 — Annual general meeting

175.—(1) Subject to this section and section 175A, a general meeting of every company to be called the “annual general meeting” must, in addition to any other meeting, be held after the end of each financial year within —(a)

4 months in the case of a public company that is listed; or

(b)

6 months in the case of any other company.[15/2017]

(2) The Registrar may extend the period mentioned in subsection (1)(a) or (b) —(a)

upon an application by the company, if the Registrar thinks there are special reasons to do so; or

(b)

in respect of any prescribed class of companies.[15/2017]

(3) Subject to notice being given to all persons entitled to receive notice of the meeting, a general meeting may be held at any time and the company may resolve that any meeting held or summoned to be held is the annual general meeting of the company.

(4) If default is made in holding an annual general meeting —(a)

the company and every officer of the company who is in default shall be guilty of an offence and shall be liable on conviction to a fine not exceeding $5,000 and also to a default penalty; and

(b)

the Court may on the application of any member order a general meeting to be called.

(5) The Minister may, by order in the Gazette, specify such other period in substitution of the period mentioned in subsection (1)(a) or (b), or both.[15/2017]

—(1) Subject to this section and section 175A, a general meeting of every company to be called the “annual general meeting” must, in addition to any other meeting, be held after the end of each financial year within —(a)

4 months in the case of a public company that is listed; or

(b)

6 months in the case of any other company.[15/2017]

(2) The Registrar may extend the period mentioned in subsection (1)(a) or (b) —(a)

upon an application by the company, if the Registrar thinks there are special reasons to do so; or

(b)

in respect of any prescribed class of companies.[15/2017]

(3) Subject to notice being given to all persons entitled to receive notice of the meeting, a general meeting may be held at any time and the company may resolve that any meeting held or summoned to be held is the annual general meeting of the company.

(4) If default is made in holding an annual general meeting —(a)

the company and every officer of the company who is in default shall be guilty of an offence and shall be liable on conviction to a fine not exceeding $5,000 and also to a default penalty; and

(b)

the Court may on the application of any member order a general meeting to be called.

(5) The Minister may, by order in the Gazette, specify such other period in substitution of the period mentioned in subsection (1)(a) or (b), or both.[15/2017]