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of <h1>Producer Companies Must Hold AGM Annually; First Meeting Within 90 Days of Incorporation per Section Requirements</h1> Every Producer Company must hold an annual general meeting (AGM) each year, with no more than fifteen months between consecutive AGMs, unless an extension of up to three months is granted by the Registrar. The first AGM must occur within ninety days of incorporation. During the AGM, members adopt the company's articles and appoint directors. Notices for the AGM must include an agenda, previous meeting minutes, director candidates, financial statements, and draft resolutions. Meetings require a quorum of one-fourth of members and must be held at the registered office or nearby. Proceedings must be filed with the registrar within sixty days.
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