Holding AGM - Coy Act 1985

[Sockpuppet]

Just brushing up on some paperwork as I've moved office and making sure all my accounts are sparkly clean and thought of a random question.

The requirement to hold an AGM was abolished in the companies act 2006 unless your articles of association require you to hold one. So I had a read of my articles and I can't find anything in there about holding an AGM. There is stuff about requiring a quorum but nothing that states I must hold a meeting at least once a year.

Would the articles specifically state "the company will hold meetings once a year" or is it written in Table A and assumed that you'll hold them unless your articles state that you will not?

[Jessica@WhiteFieldTax]

God knows. In reality unless you have external shareholders, or a potential hostile shareholder issue, eg marriage beak up, no one really worries. Even then I would expect the courts to look behind the actual protocol of AGMs and investigate the reality of management, eg quasi partnership, Ebrahimi v Westbourne Galleries Ltd Ebrahimi v Westbourne Galleries Ltd - Wikipedia, the free encyclopedia

[Sockpuppet]

THanks for that Jessica. I like to pose more complex random questions

No just me. In that case I'll then keep generating the AGM minutes I have with myself every year. Not a huge task but does seem a bit pointless.

[Clare@InTouch]

You can still elect to dispense with the requirement to hold an AGM, even if you're not incorporated under the new Companies Act.

UKcorporator - UK Company Incorporations

There's some useful guidance here: About Us - Guidance

I tend to agree with Jessica though

[Sockpuppet]

Thanks Clare, I might dispensate it .... ironically at the next AGM