The Companies Act requires every company to hold an annual general meeting (AGM) every year. Business usually dealt with at the annual general meeting includes –
- the receiving of the company's annual financial statements and the directors’ report thereon for the past year;
- the election of directors; and
- the appointment of auditors.
General meetings, other than annual general meetings, are held for consideration of matters requiring the approval of shareholders which cannot stand over until the next annual general meeting.