Version Superseded: 01/10/2007
Point in time view as at 02/10/1991. This version of this provision has been superseded.
There are currently no known outstanding effects for the Companies Act 1985, Section 366.
(1)Every company shall in each year hold a general meeting as its annual general meeting in addition to any other meetings in that year, and shall specify the meeting as such in the notices calling it.
(2)However, so long as a company holds its first annual general meeting within 18 months of its incorporation, it need not hold it in the year of its incorporation or in the following year.
(3)Not more than 15 months shall elapse between the date of one annual general meeting of a company and that of the next.
(4)If default is made in holding a meeting in accordance with this section, the company and every officer of it who is in default is liable to a fine.
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