{"id":4664,"date":"2019-05-21T10:55:24","date_gmt":"2019-05-21T02:55:24","guid":{"rendered":"http:\/\/www.biztreemgmt.com\/wordpress\/?p=4664"},"modified":"2020-01-06T22:38:34","modified_gmt":"2020-01-06T14:38:34","slug":"agmexemptioninsingapore","status":"publish","type":"post","link":"http:\/\/www.biztreemgmt.com\/wordpress\/agmexemptioninsingapore\/","title":{"rendered":"AGM EXEMPTION IN SINGAPORE"},"content":{"rendered":"<p><a href=\"http:\/\/AGM exemption in singapore\"><strong><img loading=\"lazy\" class=\"alignnone wp-image-4668\" src=\"http:\/\/www.biztreemgmt.com\/wordpress\/wp-content\/uploads\/2019\/05\/agme.png\" alt=\"\" width=\"536\" height=\"389\" srcset=\"http:\/\/www.biztreemgmt.com\/wordpress\/wp-content\/uploads\/2019\/05\/agme.png 875w, http:\/\/www.biztreemgmt.com\/wordpress\/wp-content\/uploads\/2019\/05\/agme-300x218.png 300w, http:\/\/www.biztreemgmt.com\/wordpress\/wp-content\/uploads\/2019\/05\/agme-768x557.png 768w\" sizes=\"(max-width: 536px) 100vw, 536px\" \/><\/strong><\/a><\/p>\n<p><strong>BACKGROUD OF ANNUAL GENERAL MEETING (AGM)<br \/>\n<\/strong><\/p>\n<p>According to Companies Act ,\u00a0 all company is required to hold AGM annually. Reason behind is to protect shareholder interest and AGM is the only venue where shareholder is given opportunities to clear their doubt about their investment .<\/p>\n<p>&nbsp;<\/p>\n<p><strong>WHY PEOPLE OPT FOR WAIVER OF AGM ?<\/strong><\/p>\n<p>For management , conducting of AGM\u00a0 is costly and time consuming especially if the business is\u00a0 family business oriented ie husband and wife or director and shareholder is the same person .<\/p>\n<p>&nbsp;<\/p>\n<p><b>\u00a0EXEMPTION FROM HOLDING AN AGM<br \/>\n<\/b><\/p>\n<p>With effect from accounting year ended 31 August 2018, company can opt for dispense off their AGM .<\/p>\n<p>&nbsp;<\/p>\n<p><strong>PROCEDURE FOR WAIVER OF AGM<\/strong><\/p>\n<ul>\n<li>Physical Meeting must be conducted to approve dispenses off AGM<\/li>\n<li><strong>All shareholde<\/strong>r must agreed and approved &#8221; Dispense off AGM&#8221;<\/li>\n<li>Company must send their financial statement to member within 5 months after the financial year end<\/li>\n<\/ul>\n<p>After the above, AGM can be done by passing resolution by written.<\/p>\n<p>&nbsp;<\/p>\n<p><strong>WHAT YOU NEED TO DO NEXT ?<\/strong><\/p>\n<p>Since all the shareholder is agreed to dispense off AGM, AGM resolution by written must be prepared .<\/p>\n<p>Signed AGM resolution must keep in the minutes book<\/p>\n<p>Management may proceed to file AR\u00a0 with the formally agreed date of AGM .<\/p>\n<p>&nbsp;<\/p>\n<p><strong>SHAREHOLDER RIGHT REQUEST TO HOLD AGM <\/strong><\/p>\n<p>Shareholder\u00a0 must notify company not later than 14 days before the last day of the 6th month after Financial year end<\/p>\n<blockquote><p><strong>Example<\/strong><\/p>\n<p>If Accounting year end is\u00a0 31.12.2018, shareholder who request to hold AGM must notify company latest by 15 June 2019.<\/p>\n<p>&nbsp;<\/p><\/blockquote>\n<p>Relevant Article :<\/p>\n<p><a href=\"http:\/\/www.biztreemgmt.com\/wordpress\/annual-general-meeting-agm-your-questions-answered\/\">Annual General Meeting (AGM<\/a>) &#8211; All your question is answered here<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>BACKGROUD OF ANNUAL GENERAL MEETING (AGM) According to Companies Act ,\u00a0 all company is required to hold AGM annually. Reason behind is to protect shareholder interest and AGM is the only venue where shareholder is given opportunities to clear their doubt about their investment . &nbsp; WHY PEOPLE OPT FOR WAIVER OF AGM ? For<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[269],"tags":[131,226,190,225,128],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v17.9 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>company registration , company registration singapore - Biztree Management %<\/title>\n<meta name=\"description\" content=\"BACKGROUP OF AGM Companies Act had been amended with the intention of slemless operation level of AGM According to Companies Act , all company is required to hold AGM annually. Reason behind is to protect shareholder interest and AGM is the only venue where shareholder is given opportunities to clear their doubt about their investment .\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"http:\/\/www.biztreemgmt.com\/wordpress\/agmexemptioninsingapore\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"company registration , company registration singapore - Biztree Management %\" \/>\n<meta property=\"og:description\" content=\"BACKGROUP OF AGM Companies Act had been amended with the intention of slemless operation level of AGM According to Companies Act , all company is required to hold AGM annually. 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