Kemp & Company Limited

Section 199 of the Companies (Guernsey) Law, 2008 requires that every company holds a general meeting of its members:

a) firstly within a period of 18 months beginning on the date on which it was incorporated,

b) thereafter, at least once in every calendar year.

Subject to a company deciding to waive the requirement for an AGM, there should be no more than 15 months between one AGM and the next.

However, Section 201 of the law allows members of a company to waive the requirement to have a general meeting by the passing of a waiver resolution. This resolution may be for a particular year or years or for an indefinite period.