Part XI Company administration and procedure

Chapter IV Meetings and Resolutions

Meetings

366 Annual general meeting.

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.