An Annual General Meeting or AGM is an integral part of any organization. As a part of the ongoing compliance regulatory obligations, it is mandatory for every company whether private limited or public listed company in Singapore to hold an AGM on a timely basis.
An Annual General Meetings not only present the financial statements of the company before the shareholders but also give them an opportunity to ask questions to the management of the company. Moreover, it is an event where all crucial and important decisions related to the company are discussed and passed.
Since it is a mandatory statutory requirement that every company has to comply to, it is imperative that you understand the requirement in order to ensure that your company is able to meet the statutory deadlines on time. Moreover, defaulting on these requirements can have far reaching consequences.
Therefore, in this article, we are going to highlight on the requirement of an AGM, when and how to hold it and the detailed procedure for applying for an extension of time to hold an AGM.