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Chapter 10
Meetings
Annual General Meeting (AGM)
Timing Held once a year, within the 6 months following the
accounting reference date: s.336.
Failure to hold The company and every officer in default can be fined.
Private companies Private companies are not required to hold an AGM.
Notice 21 days’ notice is required unless every member entitled to
attend and vote agrees to a shorter period.
Must state that the meeting is an AGM.
Business Usual business includes:
consider accounts
appoint auditors
elect directors
declare dividends.
Resolutions Members can force the inclusion of a resolution on the agenda
of the AGM if they:
hold 5% of voting rights, or
100 members each hold an average of £100 of the paid up
share capital: s.338 CA 2006
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