How often must a company hold its Annual General Meeting (AGM) after its first AGM?

A company is required to hold its Annual General Meeting (AGM) at least once every calendar year. Furthermore, it must ensure that no more than 15 months elapse between one AGM and the next. This regulation provides a structured timeline for companies to report on their progress, financial results, and engage with shareholders, fostering transparency and accountability in corporate governance.

This timing requirement is designed to protect the interests of shareholders by ensuring they have regular opportunities to receive updates about the company and to express their views. Holding AGMs consistently enables shareholders to participate in important decisions, such as the election of directors and the approval of financial statements.

Other choices imply varying frequencies or timeframes that do not align with the statutory requirements. For instance, suggesting that a company should hold AGMs twice a year or once every six months does not adhere to the legal obligation established, as an annual meeting is the standard requirement. Similarly, stating that the meeting must occur within 12 months of the previous AGM could lead to ambiguity, as it does not account for the maximum allowable time of 15 months, which is crucial for compliance. Thus, the correct understanding is that companies must hold their AGMs at least once a year, ensuring that no more than 15 months