Annual General Meeting (AGM)
Under the section 143(1) of the Companies Act 1965, all new Companies established in Malaysia is required to hold its first Annual General Meeting (AGM) within eighteen (18) months from the date of incorporation of the Company.
Annual General Meeting may sometimes be refered to as Annual Company Shareholders Meeting.
According to the Section 169(1), the Board of Directors are to tabled the Audited Financial Statements upon the AGM within the period stipulated above or within six (6) months from the date of its financial year end, whichever the earlier.
Pursuant to the Section 165(4), the Companies are required to lodge its Annual Return and Audited Financial Statements toSuruhanjaya Syarikat Malaysia (SSM) within one (1) month after the date of its AGM held.
Failing to comply any of the above sections will result in fine and penalty imposed by the SSM. Thus, it is important for all directors to understand their rights and responsibilities in complying to the above requirements to avoid any unnecessary charges by the SSM.
We set out below the sample time table for your easier understanding:
Incorporation Date | Possible Year End |
AGM Deadline |
1 Jan 2013 | 31 December 2013 |
30/6/2014 |
1 Feb 2013 | 31 January 2014 |
31/7/2014 |
1 Mar 2013 | 28 February 2014 |
31/8/2014 |
1 Apr 2013 | 31 March 2014 |
30/9/2014 |
1 May 2013 | 30 April 2014 |
31/10/2014 |
1 Jun 2013 | 31 May 2014 |
30/11/2014 |
1 Jul 2013 | 30 June 2014 |
31/12/2014 |
1 Aug 2013 | 31 July 2014 |
31/1/2015 |
1 Sep 2013 | 31 August 2014 |
28/2/2015 |
1 Oct 2013 | 30 September 2014 |
31/3/2015 |
1 Nov 2013 | 31 October 2014 |
30/4/2015 |
1 Dec 2013 | 30 November 2014 |
31/5/2015 |
.
We set out below the more samples in case you are interested to know:
Incorporation Date | Possible Year End |
AGM Deadline |
1 Jan 2012 | 31 December 2012 |
30/6/2013 |
1 Feb 2012 | 31 January 2013 |
31/7/2013 |
1 Mar 2012 | 28 February 2013 |
31/8/2013 |
1 Apr 2012 | 31 March 2013 |
30/9/2013 |
1 May 2012 | 30 April 2013 |
31/10/2013 |
1 Jun 2012 | 31 May 2013 |
30/11/2013 |
1 Jul 2012 | 30 June 2013 |
31/12/2013 |
1 Aug 2012 | 31 July 2013 |
31/1/2014 |
1 Sept 2012 | 31 August 2013 |
28/2/2014 |
1 Oct 2012 | 30 September 2013 |
31/3/2014 |
1 Nov 2012 | 31 October 2013 |
30/4/2014 |
1 Dec 2012 | 30 November 2013 |
31/5/2014 |