Companies Act · 2021 Revised Edition · Part · Management and Administration Registered Office and Name
111. Annual general meetings
Official textFrom Attorney General's Chambers, unchanged
A general meeting of every company, to be called the annual general meeting, shall in addition to any other meeting be held once in every calendar year and not more than 15 months after the holding of the last preceding annual general meeting, but 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,
Notwithstanding subsection (I), the Registrar, on the application of the company, may, if for any special reason he thinks fit to do so, extend the period of 15 months or 18 months referred to in that subsection, notwithstanding that such period is so extended beyond the calendar year.
Registrar
"Registrar" means the Registrar of Companies appointed under section 288, and includes any Deputy Registrar or Assistant Registrar;
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 shall be the annual general meeting of the company.
annual general meeting
"annual general meeting", in relation to a company, means a meeting of the company required to be held by section 11 l(1);
If default is made in holding an annual general meeting -
the company and every officer of the company who is in default is guilty of an offence and liable on conviction to a fine not exceeding $5,000 and a default fine; and
106 CAP. 39
Companies
the Court may on the application of any member order a general meeting to be called.
Terms defined in s 2
annual general meeting
Defined · s 2"annual general meeting", in relation to a company, means a meeting of the company required to be held by section 11 l(1);
default fine
Defined · s 2"default fine" means a default fine within the meaning of section 3 14;
officer
Defined · s 2"officer", in relation to a corporation, includes - (a) any director or secretary of the corporation or a person employed in an executive capacity by the corporation; @) a receiver and manager of any part of the undertaking of the corporation appointed under a power contained in any instrument; and (c) any liquidator of a company appointed in a voluntary winding up, but does not include - (i) any receiver who is not also a manager; (ii) any receiver and manager appointed by the Court; (iii) any liquidator appointed by the Court or by the creditors; and (iv) an Executive Manager appointed by the Minister under section 230(1) of the Insolvency Order, 2016 (S 112016);
Registrar
Defined · s 2"Registrar" means the Registrar of Companies appointed under section 288, and includes any Deputy Registrar or Assistant Registrar;
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