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Should unlisted company hold an annual general meeting (AGM) when it is exempted to prepare financial statements being dormant?

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Should unlisted company hold an annual general meeting (AGM) when it is exempted to prepare financial statements being dormant?

The company must still hold an AGM. However, if the company is a private company, the company can dispense with the holding of its AGM if there are no other resolutions which need to be tabled.

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