Annual general meeting is an annual meeting of shareholders to deliberate and adopt the financial statements of a company. Other shareholders’ approval may include re-election of directors, payment of directors’ fees or payment of a final dividend.
Under the Companies Act, Cap. 50 every private limited company must hold their AGM within 6 months from the financial year end.
You can apply for extension of time to delay the holding of your AGM, but the maximum extension is 60 days.
Thereafter the Company would have monetary fine imposed by ACRA for breaching the relevant sections under the Companies Act, Cap. 50.
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