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Section 76
Annual General Meeting
: (1) Every public company must hold the first annual general meeting within one year of receiving the license to start business and thereafter every year within six months of the completion of the financial year of the company.
(2) If any public company does not convene the annual general meeting even within three months after the expiry of subsection (1), the office may give instructions to convene the annual general meeting of such company.
(3) If the company does not convene the annual general meeting even within three months of receiving the instructions of sub-section (2), any shareholder may file an application in the court. If such an application is made, the court may order to hold an annual general meeting or issue other appropriate orders.
(4) Notwithstanding anything written in sub-sections (1) and (2) of section 73, no matter how many shareholders are present at the general meeting convened according to the order of the court in accordance with sub-section (3), a quorum shall be deemed to have been reached.
(5) The provisions of sub-sections (1), (2), (3) and (4) shall also be applicable in the case of private companies that have provided in the regulations to hold an annual general meeting.