Calling a general meeting—fundamentals

The following Corporate practice note provides comprehensive and up to date legal information covering:

  • Calling a general meeting—fundamentals
  • Who can call a general meeting?
  • What preparatory steps should be carried out in advance of a general meeting?
  • Who is entitled to receive notice of a general meeting?
  • What is the correct form of notice for a general meeting?
  • What information should a notice of general meeting contain?
  • What information must a traded company publish ahead of a general meeting?
  • What is the required notice period for a general meeting (not an AGM)?
  • What is the required notice period for an AGM?
  • What is best practice as regards appointing a proxy at a general meeting?
  • More...

Calling a general meeting—fundamentals

There are two forms of general meetings under the Companies Act 2006 (CA 2006): general meetings and annual general meetings (AGMs). A general meeting of the members of a company can be called and held at any point, and any number of times, in a year in order for the members to pass resolutions to carry out certain changes or approve certain actions. A public company must hold an AGM each year within the period of six months beginning with the date following its accounting reference date. A private company is not required to hold an AGM each year (although it may choose to do so, or its articles of association may contain provisions requiring the company to hold an AGM each year).

The members of a private company can pass resolutions at general meetings of the company or by way of written resolution. The members of a public company can pass resolutions at general meetings of the company only.

Detailed requirements as regards the convening and holding of a general meeting are set out in CA 2006. A company must also comply with any requirements in its articles of association in relation to convening general meetings.

For an associated document in relation to the holding of a general meeting including matters of quorum, chairing, adjournment and voting see Holding a general meeting—fundamentals.

See

Popular documents