Company Meeting - Statutory Meeting (SM)

Statutory meeting is compulsory to be held by public listed company. Company must convene SM not less that 1 month and not more that 4 months after its incorporation and commencement of business. It is deemed to have commenced its business after prospectus is approved by KLSE.

Directors must send statutory report seven days before the meeting, and the report must be signed by at least 2 directors. section 142(3).

Contents under section 142(3)

1. The total number of shares allotted and for which they have been allotted.

2. Receipts in respect of all the shares allotted.

3. Receipts and payments for at least seven days of the report and the preliminary estimation of expenses and balances in hand.

4. Directors' name and addresses.

5. Any particulars of proposed contract.