Section 250P — Corporations Act 2001 (Cth)

(1) A public company may lodge an application with ASIC to extend the period within which section 250N requires the company to hold an AGM.

(2) If the company applies before the end of the period within which the company would otherwise be required to hold an AGM, ASIC may extend the period in writing. ASIC must specify the period of the extension.

(3) A company granted an extension under subsection (2) must hold its AGM within the extended period.

(4) ASIC may impose conditions on the extension and the company must comply with those conditions.

(5) An offence based on subsection (3) or (4) is an offence of strict liability.

Note: For strict liability, see section 6.1 of the Criminal Code.

Related sections

• s 250M — When and how polls must be taken (replaceable rule—see section 135)
• s 250MA — Requirements for a special resolution
• s 250N — Public company must hold AGM
• s 250PAA — Exemptions by ASIC—class orders relating to externally‑administered companies
• s 250PAB — Exemptions by ASIC—individual externally‑administered companies
• s 250PA — Written questions to auditor submitted by members of listed company before AGM

Research how courts apply s 250P

BriefBridge searches Australian caselaw by meaning — every answer cited to the paragraph.