Statutory Meeting in Myanmar

Myanmar Statutory Meetings

Every company limited by shares (or by guarantee and having a share capital) must hold a general meeting of the members called a Statutory Meeting. This Statutory Meeting should be held within a period of not less than one month or more than six months from the date at which the company is entitled to commence business. The directors must forward a report, known as the Statutory Report, to every member of the company at least 21 days before the day the Statutory Meeting is to be held.  statutory meeting

The members at the Statutory Meeting may discuss any matter relating to the formation of the company or arising out of the Statutory Report.

 

Myanmar law | Failure to hold a statutory meeting 

In the event of default of any of the requirements as stated here or for the Statutory Report, every director of the company who is guilty of or who knowingly and wilfully authorises or permits the default shall be liable to a fine not exceeding 500 kyats.

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