(1) After shares worth at least ten percent of the total issued share capital of the Authority have been subscribed by the public, the annual general meeting shall be held at the head office of the Authority within three months from the date when the audit report is received after the annual audit of accounts.
(2) An extraordinary general meeting of the Authority may be held at any time if shareholders who have subscribed to the shares worth at least ten
percent of the total paid capital request in writing, or if the Board so deems necessary.
(3) The quorum for a general meeting shall be deemed to have been fulfilled if twenty-five percent of the total number of shareholders’ registered in
the such Register attend it personally or by proxy.
(4)The annual general meeting shall discuss the profit and loss account and the balance-sheet of the Authority, the auditor’s report, and the Board’s
report in relation to the business of the Authority during the year.
(5) Any shareholder whose name is registered in the shareholders’ Register may cast his/her vote at the general meeting either personally or
through another shareholder whom he/she has dully designated as his/her proxy for the purpose.
Provided that, no shareholder who has failed to pay the amount due on shares in respect to which calls have been made by the Authority shall be
entitled to cast his/her vote in this manner.
(6) The general meeting shall be presided over by the chairperson of the  Board, and if absent, by a person elected by the majority of the attending
shareholders from among themselves.