All Singapore incorporated companies are required to hold an Annual General Meeting, or (“AGM”) of shareholders at which decisions are taken on the company’s business. The ‘ordinary’ business of the AGM is repeated every year, and includes accepting the company’s accounts for the year, as well as determining the proportion of a company’s profits that will be paid back to shareholders as a dividend.
In the Singapore Companies Act (Cap. 50), the requirements of the AGM are as follows:
Section 175
Companies are required to hold their AGMs once every calendar year and must not be more than 15 months apart from the last held AGM.
Section 201
Companies are required to table their accounts within 6 months from the FYE.
