Quote:
Originally Posted by Neil
Why would you hold an AGM every six month's? By its name you have them annually.
Are the rules you posted ASFC's or some you found on the net?
|
Possibly a little misunderstanding here.
A Public Limited Company (plc) has to hold its AGM within six months of its financial year end under the Companies Act.
But this is irrelevant as ASFC is a private limited company (ltd) isn't it?
AGMs are, obviously, annual events but a ltd company can dispense with them altogether under Section 252 of the Companies Act 1985.
Directors of a ltd company can call an Extraordinary General Meeting if they have sufficent voting power in accordance with the company's Articles of Association.
I'm a bit rusty on my Company Law, but I hope that this helps rather than confuses.