Ashley PETERS, Edinburgh, SCOTLAND
I understand that there are some legal requirements for the shareholders of a New Zealand company to hold a meeting. How often must these occur, and how soon after incorporation must we have one?
Subject to Section 120 of the Companies Act 1993, the board of any New Zealand company must call an annual meeting of shareholders:
- within 6 months of the balance date of the company, and
- no later than 15 months following the previous annual meeting, and
- within 18 months of its registration.
The company is not obliged to hold its first meeting within the same calendar year as its initial formation, but it must comply with the rules listed above in order to fulfil its obligations.
If you enjoyed this article, please consider sharing it!
