Will they hold the AGM on time or ask for an extension ?
https://legalvision.com.au/requirements-annual-general-meeting-agm/#:~:text=There is a requirement for,Need legal advice?
What if I cannot hold an AGM this year?
If you are unable to hold your AGM in any given calendar year, you may apply to the Australian Securities and Investments Commission (ASIC) to extend your time in which you can hold your AGM. It is best to apply as early in advance as possible. ASIC will usually on grant an extension where:
- There are circumstances out of the company’s control that make an extension necessary; or
- An extension is in the interests of the members of the company.
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