Annual General Meeting (AGM)
What is Annual General Meeting (AGM)
Every private company incorporated in Singapore is required to hold an annual general meeting (AGM) at which its financial statements in respect of its last financial year are tabled.
Further, the company shall file an annual return with ACRA within 7 months after the end of the financial year end.
The deadline of Annual General Meeting (AGM)
The deadline to hold the AGM is within 6 months after the end of its financial year.
Who is exempted to hold Annual General Meeting (AGM)?
A private company will be exempt from holding an AGM if it has, not later than 5 months after the end of the financial year, sent to all persons entitled to receive notice of general meetings of the company (i.e. members, auditors) a copy of the financial statements.
Notes on exemption to hold AGM:
- If the company’s Constitution has any regulations to comply at the AGM or if there are matters that are required to be transacted at an AGM, the company shall still hold an AGM notwithstanding the exemption (Examples: retirement and re-election of Director(s), Re-appointment of Auditors)
- If a request is received from any member, director or auditor to hold an AGM in respect of the financial year, the company is still required to hold its AGM notwithstanding the exemption.
If you will hold your Annual General Meeting (AGM), you may check our guide on Process to hold an Annual General Meeting (AGM)