Clause 143

A general meeting of every company to be called the “annual general meeting” shall in addition to any other meeting be held once in every calendar year and not more than fifteen months after the holding of the last preceding annual general meeting, but so long as a company holds its first annual general meeting within eighteen months of its incorporation, it need not hold it in the year of its incorporation or in the following year.[U.K.s. 131.][Aust. s. 136.]

Notwithstanding the provisions of subsection (1) of this section the Registrar, on the application of the company, may, if for any special reason he thinks fit so to do, extend the period of fifteen months or eighteen months referred to in that subsection, notwithstanding that such period is so extended beyond the calendar year.

Subject to notice being given to all persons entitled to receive notice of the meeting a general meeting may be held at any time and the company may resolve that any meeting held or summoned to be held shall be the annual general meeting of the company.

If default is made in holding an annual general meeting —