THE CORPORATIONS LAW

CCH Note: Part 13 of the Corporations Act 1989, inserted by sec 6 of No 110 of 1990, Sch 1 (effective 1 January 1991), begins as follows:

PART 13 - THE CORPORATIONS LAW
THE CORPORATIONS LAW 82
The Corporations Law is as follows:...

CHAPTER 2M - FINANCIAL REPORTS AND AUDIT

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PART 2M.3 - FINANCIAL REPORTING

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Division 4 - Annual financial reporting to members

SECTION 317 CONSIDERATION OF REPORTS AT AGM

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317 The directors of a public company that is required to hold an AGM must lay before the AGM:

(a) the financial report; and

(b) the directors' report; and

(c) the auditor's report;

for the last financial year that ended before the AGM.

Note 1:

If the company's first AGM is held before the end of its first financial year, there will be no reports to lay before the meeting.

Note 2:

A public company that has only 1 member is not required to hold an AGM (see section 250N).

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CCH Note: Former sec 317A-317B were repealed by No 61 of 1998, Sch 1 (effective 1 July 1998) and not replaced.

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