Finality of adopted annual accounts: adopted accounts cannot be reopened and amendment resolutions are invalid. Accounts adopted and passed at an annual general meeting become final and cannot be reopened or revised in a subsequent meeting. A special resolution ... Summary
Finality of adopted annual accounts: adopted accounts cannot be reopened and amendment resolutions are invalid.
Accounts adopted and passed at an annual general meeting become final and cannot be reopened or revised in a subsequent meeting. A special resolution purporting to empower the company to amend or revise accounts already adopted is invalid and cannot override the rule of finality (noted as invalid under the provision cited in the correspondence).
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