Due dates & requirements for annual general meetings (AGMs)
Companies must hold AGMs within four to six months of their financial year end (FYE) to present their accounts to shareholders.
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What is an AGM
An AGM is where your company presents its financial statements (accounts) to shareholders. Shareholders can then ask questions about the business and address their concerns.
AGM due dates and requirements
All Singapore companies must hold AGMs each year unless they:
Are exempt from holding an AGM
Choose to dispense with the AGM
Your due date for holding an AGM is based on your:
Company's financial year end (FYE)
Company type (listed or non-listed company)
AGM deadlines: FY ending on or after 31 August 2018
Company type | Due date |
|---|---|
Listed companies | Within four months after FYE |
Non-listed companies | Within six months after FYE |
Note: You must hold AGMs on time to avoid penalties.
When you can skip holding an AGM
Private companies can skip holding an AGM if they are exempt or choose to dispense with an AGM.
Exemptions from holding an AGM
Private companies do not need to hold an AGM if they meet any of these criteria:
Send financial statements to all members within five months after the FYE.
Dormant, not listed (or not a subsidiary of a listed company), and has total assets of $500,000 or less (consolidated value if it is an ultimate parent).
Dispensing with AGMs
Private companies can:
Choose not to hold AGMs if all members pass a resolution to dispense with the AGM.
Handle AGM matters through written resolutions instead.
Examples include hard copies, emails, or legible formats agreed by the company and members. Contact a professional or lawyer if you need help with resolution formats.
You may include the written resolution when you file your annual return.
Note: You must declare your AGM details when you file an annual return. This applies whether you held an AGM, were exempt or dispensed with holding an AGM.
When members can still request AGMs
Even if your company is exempt or has dispensed with AGMs, members can still request one:
Safeguards for requesting AGMs
Situation | Details |
|---|---|
A member wants an AGM | When they can request: Up to 14 days before the sixth month deadline. This deadline is six months after the FYE. What you must do: Hold an AGM within six months after the FYE. You may apply for an extension of time before this deadline, if needed. |
A member or auditor wants an AGM after receiving financial statements | When they can request: Within 14 days of receiving financial statements What you must do: Hold a general meeting within 14 days of the request. |
