In Quebec , the annual meeting of eligible voting shareholders must be held within eighteen months of the incorporation of the corporation and subsequently within fifteen months of the previous annual meeting.
In Canada , the annual meeting of eligible voting shareholders must be held within eighteen months of the incorporation of the corporation and thereafter within fifteen months of the previous annual meeting but no later than six months after the end of each financial year.
Failure to hold the annual general meeting within the prescribed time limits can have various consequences for the company and its directors. When a meeting has not been held within the applicable timeframe, it is recommended to rectify the situation and verify the formalities required under the law governing the company.