# AGM (annual general meeting)

A yearly meeting of a company's members to receive reports, ask questions and make decisions such as appointing directors, which private companies only have to hold if their articles require it.

Also called: annual general meeting, general meeting, members' meeting, EGM.

Under the Companies Act 2006, only public companies must hold an AGM. Most RTM companies, residents' management companies and freehold companies are private companies, so whether they must hold one depends on their **articles** (and, for RMCs, sometimes the leases). The prescribed RTM model articles don't require one, but many blocks hold one anyway because it's the easiest way to keep members informed.

## Notice

- A general meeting of a private company needs at least 14 clear days of notice, unless the articles require more (s.307).
- The period is counted in **clear days**: leave out the day the notice is given and the day of the meeting (s.360). If you post the notice, allow for [deemed service](https://runyourblock.co.uk/glossary/deemed-service) too.
- A majority of members holding at least 90% of the voting rights can agree to a meeting at shorter notice (s.307(5)–(6)).

## What usually happens

Directors report on the year, present the accounts and next year's budget, and answer questions; members vote on any resolutions, such as appointing directors. Keep minutes: companies must keep records of meetings and resolutions for at least ten years.

Members can also decide things without a meeting, by [written resolution](https://runyourblock.co.uk/glossary/written-resolution).

## Related terms

- [Written resolution](https://runyourblock.co.uk/glossary/written-resolution)
- [RTM company](https://runyourblock.co.uk/glossary/rtm-company)
- [Residents' management company (RMC)](https://runyourblock.co.uk/glossary/residents-management-company)
- [Deemed service](https://runyourblock.co.uk/glossary/deemed-service)

## Sources

- [Companies Act 2006, s.336 (public companies: annual general meeting)](https://www.legislation.gov.uk/ukpga/2006/46/section/336)
- [Companies Act 2006, s.307 (notice required of general meeting)](https://www.legislation.gov.uk/ukpga/2006/46/section/307)
- [Companies Act 2006, s.360 (computation of periods: clear days)](https://www.legislation.gov.uk/ukpga/2006/46/section/360)

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Updated 22 October 2026. Source: https://runyourblock.co.uk/glossary/agm