This is to notify all the incorporated companies that every listed company shall hold an Annual General Meeting for the year 2019 on or before 30th April 2019 and in case of unlisted public and private companies on or before 30th June 2019 as mandated by section 178 of the Companies Act of Bhutan, 2016.
Also section 267 mandates every company to prepare and file with the Registrar of Companies an annual return for the financial year ended 31st December 2018 containing the particulars specified in Form of Annual Return on the datelines mentioned below:
- Every listed companies on or before 31st May 2019
- Every unlisted public and private companies on or before 31st July 2019
Further, all public companies i.e. State Owned Enterprises, Listed Companies, Financial Institutions and unlisted public companies shall ensure that, at least one-third of its directors are independent, while appointing or reappointing directors in the upcoming Annual General Meeting. This is mandated by section 134 to protect the interest and investment of all the shareholders and particularly the minority shareholders.
For Strict Compliance.
Registrar of Companies