Section 120 — Companies Act 1993: Annual meeting of shareholders

120 Annual meeting of shareholders (1) Subject to subsections (2) and (3) of this section, the board of a company must call an annual meeting of shareholders to be held— (a) [Repealed] (b) Either— (i) In the case of an exempt company, if all the shareholders of the company agree, not later than 10 months after the balance date of the company; or (ii) In the case of a company, not being a company to which subparagraph (i) of this paragraph applies, not later than 6 months after the balance date of the company; and (c) Not later than 15 months after the previous annual meeting. (2) A company, not being a company that is reregistered under this Act, does not have to hold its first annual meeting in the calendar year of its registration but must hold that meeting within 18 months of its registration. (3) A company that is reregistered under this Act does not have to hold its first annual meeting in the calendar year of its reregistration but must hold that meeting within 18 months of its registration under the Companies Act 1955. (4) The company must hold the meeting on the date on which it is called to be held. The original subsection (2) was substituted, and subsection (2A) was inserted, as from 1 July 1994, by section 15 Companies Act 1993 Amendment Act 1994 (1994 No 6). Section 120 was substituted, as from 2 September 1996, by section 3 Companies Act 1993 Amendment Act 1996 (1996 No 115). Subsection (1)(a) was repealed, as from 3 June 1998, by section 4 Companies Amendment Act 1998 (1998 No 31).