EXTENSION OF TIME TO HOLD AGM

The impact of COVID-19 will most likely affect newly registered corporations that are required to have a general meeting within three months of registration and corporations with a financial year ending on 31 December (calendar year) who are required to hold their AGM by 31 May.

The Registrar has determined that all new corporations, registered from 1 January 2020, will be granted an extension of six months to hold the corporation's first meeting (under s. 201-145). A corporation registered on 20 January, which was due to hold its first general meeting by 20 April, will now have until 20 October to hold the meeting. The Registrar will review the extension in July. Dan Wade is the audit expert at Wrights Chartered Accountants, make an appointment to speak with him here .