Financial Intermediaries Act 1996
sec.122Annual general meeting
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sec.122 Annual general meeting
A society must hold its first annual general meeting within 18 months after it is registered under this Act. Maximum penalty—80 penalty units. A society must hold every subsequent annual general meeting within 5 months after the close of its financial year, or within a further time allowed by the registrar or prescribed under a regulation. Maximum penalty for subsection (2) —80 penalty units. s 122 amd 1999 No. 27 s 76 sch 1 pt 2 (sec.122-ssec.1) A society must hold its first annual general meeting within 18 months after it is registered under this Act. Maximum penalty—80 penalty units. (sec.122-ssec.2) A society must hold every subsequent annual general meeting within 5 months after the close of its financial year, or within a further time allowed by the registrar or prescribed under a regulation. Maximum penalty for subsection (2) —80 penalty units.