Directors who fail to follow the AGM requirements can be prosecuted in court. Eventual consequences can include disqualification or debarment from being a director. In addition, ACRA can impose composition fines on companies that do not hold the required AGMs.

Separately, a late lodgement fee will be imposed for each annual return that is lodged late.

Click here for more information on offences and penalties for not holding AGM. 

Did you find this page useful?
back to top