{"id":2459,"date":"2020-01-01T11:00:19","date_gmt":"2020-01-01T03:00:19","guid":{"rendered":"https:\/\/glutenfreepleasure.com\/__proxy_domain\/timcole.com.sg\/?p=2459"},"modified":"2020-12-14T15:48:45","modified_gmt":"2020-12-14T07:48:45","slug":"annual-general-meeting","status":"publish","type":"post","link":"https:\/\/glutenfreepleasure.com\/__proxy_domain\/timcole.com.sg\/annual-general-meeting\/","title":{"rendered":"Annual General Meeting (AGM) in Singapore: Everything You Need to Know"},"content":{"rendered":"

[vc_row][vc_column][vc_custom_heading text=”Annual General Meetings (AGM) in Singapore: Everything You Need to Know” font_container=”tag:h1|font_size:36|text_align:left|line_height:1.3″ google_fonts=”font_family:Lato%3A100%2C100italic%2C300%2C300italic%2Cregular%2Citalic%2C700%2C700italic%2C900%2C900italic|font_style:700%20bold%20regular%3A700%3Anormal”]

<\/div>[vc_column_text]The Accounting and Corporate Regulatory Authority (ACRA) is ramping up its efforts to clamp down on companies that breach the Companies\u2019 Act. Failure to hold the company\u2019s AGM on time is one of the things that could get you in trouble with ACRA. Under sections 175, 197, and 201 of the Companies\u2019 Act, all publicly listed and private limited companies are required to hold their AGMs at certain set times.<\/p>\n

It is important to know about what the set laws imply for how and when you hold your company\u2019s AGM. It will help you to prepare well and avoid the harsh penalties meted on violators.<\/p>\n

\"timcole-idea\"What are the penalties involved?<\/strong><\/p>\n

Read our article on the Penalties for Failing to Hold Annual General Meetings or File Annual Returns<\/a> to learn more!<\/p>\n

 <\/p>\n

Here is everything you need to know about AGMs under Singapore\u2019s laws.[\/vc_column_text]

<\/div>[\/vc_column][\/vc_row][vc_row][vc_column][vc_custom_heading text=”What the Law Says” font_container=”tag:h2|font_size:24|text_align:left|line_height:1.3″ google_fonts=”font_family:Lato%3A100%2C100italic%2C300%2C300italic%2Cregular%2Citalic%2C700%2C700italic%2C900%2C900italic|font_style:700%20bold%20regular%3A700%3Anormal”]
<\/div>[vc_column_text]There are three sections under the Companies\u2019 Act that outline rules and regulations about when and how companies should hold their AGMs.[\/vc_column_text]
<\/div>[vc_custom_heading text=”Section 175: Extension of Time (EOT)” font_container=”tag:h3|font_size:18|text_align:left|line_height:1.3″ google_fonts=”font_family:Lato%3A100%2C100italic%2C300%2C300italic%2Cregular%2Citalic%2C700%2C700italic%2C900%2C900italic|font_style:700%20bold%20regular%3A700%3Anormal”]
<\/div>[vc_column_text]This section stipulates when companies should hold their AGMs. It stipulates that publicly listed companies should hold their AGMs within 4 months after FYE, while other companies should do it within 6 months after FYE. [\/vc_column_text]
<\/div>[vc_custom_heading text=”Section 197″ font_container=”tag:h3|font_size:18|text_align:left|line_height:1.3″ google_fonts=”font_family:Lato%3A100%2C100italic%2C300%2C300italic%2Cregular%2Citalic%2C700%2C700italic%2C900%2C900italic|font_style:700%20bold%20regular%3A700%3Anormal”]
<\/div>[vc_column_text]Under this section, the Companies\u2019 Act stipulates how the company should conduct its AGM. In particular, it lists the information that the company should provide. The requirements are:<\/p>\n