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(1) A public company must hold an annual general meeting (AGM) within 18 months after its registration.
(2) A public company must hold an AGM at least once in each calendar year and within 5 months after the end of its financial year.
Penalty:
30 penalty units.
Summary/Indictable/mixed:
Summary
Jurisdiction:
Local Court
How committed:
(1) A public company holds its first annual general meeting 2 years after its registration;
(2) A public company fails to hold an AGM in accordance with these requirements.
Important note:
Defences:
1. The company only has one member;
2. In the case of ss. (1), s.738ZI applies to the company at the end of the most recent financial year ending earlier that 18 months after its registration;
3. In the case of ss. (1), s.738ZI applies to the company at the end of the financial year mentioned in ss. (2).