AGM Exemption for all private companies.

AGMs are not mandatory for all private companies in Singapore.

Under the Accounting and Corporate Regulatory Authority (ACRA), a private company can be exempt from holding an Annual General Meeting (AGM) if it sends its financial statements to shareholders within 5 months after the financial year end (FYE).

For companies that are not required to prepare financial statements (e.g. dormant companies), AGM exemption applies if members pass a resolution to dispense with AGMs.

However, an AGM is still required if:

• Shareholders request for an AGM to be held
• The company chooses not to send financial statements within the required timeline

Even if exempted from AGM, the company must still file its Annual Return with ACRA within the prescribed deadlines.