Annual general meeting

The business may include electing a board of directors, making important decisions regarding the organization, and informing the members of previous and future activities.

[1] At this meeting, the shareholders and partners may receive copies of the company's accounts, review fiscal information for the past year, and ask any questions regarding the directions the business will take in the future.

The Act also mandates that such meeting shall be within prescribed time 9:00 am to 6:00 pm, to be not held on national holidays, and also to be conducted at the place/ town/ village where the registered office of the company situated.

However, in the recent trends, as per the latest amendment notified by the Corporate Affairs ministry in India, the unlisted public companies may conduct such meeting in any part of India by taking in advance unanimous approval from all the members in writing or electronically.

Unlike the other countries, every Company incorporated in India require to conduct such meeting on or before the due date on the last day of the sixth month of every closing of the financial year.

In the United Kingdom it became optional with effect from 1 October 2007 for any private company to hold an AGM, unless its articles of association specifically require it to do so.

[10] In 2007, the Securities and Exchange Commission voted to require all public companies to make their annual meeting materials available online.

Under the notice only option, the company must post all of its proxy materials on a publicly accessible website at the time.