General meeting. An Annual General Meeting (AGM) of shareholders must be held at least once in a calendar year and the time between two AGMs should not exceed 15 months (extendable up to three months with approval, except for first AGM). A company may hold its first AGM within 18 months from the date of incorporation and, in such a case, it will not be necessary to hold an AGM in the year of incorporation or the following year. Among the business to be addressed at an AGM is approval by the shareholders of the audited financial statements for the.
