Although 30 November may seem like a long way off, now is the time to start thinking ahead to your AGM.
If your company is a publicly listed company with a financial year ending on 30 June 2016, you should start thinking about preparing your annual report and AGM. The Corporations Act requires public companies to hold an AGM within 5 months of the end of a financial year which means your AGM must be held by 30 November 2016.
Given the preparation and steps involved in getting the annual report and AGM materials finalised and printed and the time requirements for calling an AGM (21 or 28 days depending on whether your company is listed), we recommend that planning start early.
Importantly, this is the right time to be thinking about what corporate restructuring or equity raisings may be required in the second half of the year. These transactions generally require shareholder approval which can be taken to the AGM. They also frequently involve review of the materials by ASX and/or ASIC which can add a significant time element to the proposed AGM timetable.
Please contact us at McGuinnLegal if you would like to discuss your upcoming corporate activities or would like assistance with your 2016 AGM.