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 or re-election of directors in place of those retiring by rotation;;
the appointment of a new auditor if notice has been given of his removal;;
placing the unissued share capital under control of the directors;;
approving the directors’ fees; and;
dealing with special business of which due notice has been given such as the repurchase by the company of its own shares or an amendment to its articles of association.;
General meetings, other than annual general meetings, are held for consideration of matters requiring the approval of shareholders which cannot be left over until the next annual general meeting.
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