[Ather Saleem]

An unlisted public company has missed Statutory Meeting. Now it is holding its Annual General Meeting.

The Law requries that if AGM is held , the requirement of Statutory meeting do not arise.

Question: If the Statutory meeting is not being held , then do the requirement of Statuory Report still exists or the presentation of financial statements will serve the purpose?

[Nasir Ansari]

Updated: May 29, 2025

Table of Contents (File Attached)
Consequences of Missing the Statutory Meeting & Report 1
What to Present in the First AGM?. 2
Conclusion. 2
1.       Resolution for Adoption of Financial Statements. 2
2.       Resolution to Regularize Non-Compliance (if needed) 2
3.       Key Disclosures in AGM Notice/Minutes. 3
4.       Compliance with SECP (Post-AGM Actions) 3
5.       Template for SECP Explanatory Letter (if queried) 3
Key Takeaways. 3
1.       Enhanced Resolution with Detailed Explanations. 3
2.       Ratification Resolution with Cause-Specific Language. 4
3.       Preventive Measures for Future Compliance. 5
4.       Key Legal Safeguards. 5
5.       Checklist for Post-AGM Filings. 5
Final Recommendation. 5
1.       Simulated SECP Response & Counter-Actions. 5
2.       Future Compliance Calendar (2024–2025) 6
3.       Template: Compliance Undertaking for SECP. 7
4.       Red Flags to Avoid. 7
5.       Mock SECP Hearing Script 7
Next Steps for Your Company. 7