201AA. Retention of documents laid before company at annual general meeting Flashcards
201AA. Retention of documents laid before company at annual general meeting
General overview
[201AA.01] Section 201AA was introduced by Act No 36 of 2014 to provide that every company shall keep at its registered office, or such other place as the directors think fit, a copy of each document laid before the AGM for a period of not less than five years: s 201AA(1)(a). If the company has dispensed with holding its AGM under s 175A, it has to keep a copy of the financial statements, or consolidated financial statements, and the auditors’ report, if applicable, for a period of not less than five years as well: s 201AA(1)(b). Note: Act No 15 of 2017 has replaced the terminology of “dispense with the holding of annual general meetings” with “need not hold an annual general meeting”.
