With reference to the provisions of Singapore Companies Act, explain when a Private Company need not hold annual general meeting? What is the due date of holding the annual general meeting of listed public company?
CS Executive · Company Law · PYQS · June 2023
With reference to the provisions of Singapore Companies Act, explain when a Private Company need not hold annual general meeting? What is the due date of holding the annual general meeting of listed public company?
Answer & Explanation:
A private company need not hold annual general meeting for a financial year under section 175A of the Singapore Companies Act under the following cases- (a) If it is a private company in respect of which there is in force a resolution passed in accordance with sub section (2) to dispense with the holding of annual general meetings; (b) If, at the end of that financial year, it is a private company and has sent to all persons entitled to receive notice of general meetings of the company the documents mentioned in section 203(1) within the period specified in section 203(1)(b); or (c) If, at the end of that financial year, it is both a private company and a dormant relevant company the directors of which are, under section 201A; exempt from the requirements of section 201 for the financial year. In accordance with section 175 of the Singapore Companies Act a general meeting of every company to be called the "annual general meeting" must, in addition to any other meeting, be held after the end of each financial year within 4 months in the case of a public company that is listed.
Topics: Meetings
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