Laws on Annual General Meeting: A Comparative Study of India and Singapore

Transparency between shareholders and management is something very crucial since it helps the company in gaining the trust and confidence of the shareholders. An Annual General Meeting conducted once a year helps in ensuring transparency since most of the important aspects are discussed in the meeting. From announcing the dividends to the financial performance of the company, everything is discussed in the meeting. This allows the shareholders to seek justification for unsatisfactory performance and holds the management accountable to the shareholders and investors. While the objectives of holding an Annual General Meeting remain the same in every country, the laws majorly differ in every country. Every country has its own set of laws that govern the legal requirements related to Annual General Meetings. This research article aims to illustrate the difference in laws pertaining to Annual General Meetings in India and Singapore. In India, The legal provisions concerning Annual General Meetings are governed by the Companies Act, 2013, and are enshrined in Sections 96 to 99 of the Act. On the other hand, the same is governed by the Companies Act, 1967 in Singapore and is specified under Section 175 of the said Act.