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AGM and Board Meetings

Meetings are the part of company compliance most small companies skip entirely, and the part that due diligence looks at first.

What is actually required

A company must hold board meetings at the intervals the Act prescribes, and an annual general meeting within the prescribed time after the financial year ends. Both have notice requirements and both have to be minuted.

Small companies frequently do neither. Two founders who talk every day do not feel the need for a board meeting, and the AGM feels like a formality when the shareholders are the same two people.

It stops being a formality the moment someone looks. An investor, a bank, an acquirer or a tender authority reading your records finds no minutes for three years and draws conclusions about how the company is run.

Why minutes matter more than the meeting

  • They are the record that a decision was taken, and by whom. Without them, an approval you believe happened did not.
  • Certain decisions require a board resolution — bank accounts, borrowings, authorising signatories. Banks ask for the resolution, not for your word.
  • Due diligence reads them. A gap is the first sign a company's governance is nominal.
  • They protect directors. A director who dissented and had it minuted is in a different position from one who did not.
  • They are statutory records to be maintained, not optional paperwork.

Written 5 September 2026. Government requirements and portal behaviour change — message us to confirm before you rely on any date or figure here.

If you are years behind

This is common and it is fixable, though it needs doing honestly. Minutes record what happened; they are not written afterwards to describe meetings that never took place, and backdating records is a considerably worse problem than not having them.

The practical path is to start doing it properly from now, and to be straight about the gap if anyone asks. Send us the company details and we will tell you what the position is and how to run it from here.

Common questions

Yes. The Act does not exempt companies whose directors get on. And when you eventually want a loan or an investor, the records are what they read.

Minutes of a meeting that happened, yes, promptly. Creating minutes for meetings that did not happen is a different thing and not something we will help with.

There are consequences for the company and its officers, and it flows into the annual filing. Tell us the position and we will tell you what applies.

Yes, and for most company clients that is part of the arrangement - notices, minutes and the statutory registers kept current.