{"id":6557,"date":"2025-01-28T22:11:44","date_gmt":"2025-01-28T21:11:44","guid":{"rendered":"https:\/\/www.avocatshouda.com\/?p=6557"},"modified":"2026-05-20T18:32:48","modified_gmt":"2026-05-20T16:32:48","slug":"the-new-position-of-the-dakar-commercial-court-on-the-deadline-for-holding-annualgeneral-meetings","status":"publish","type":"post","link":"https:\/\/www.avocatshouda.com\/en\/the-new-position-of-the-dakar-commercial-court-on-the-deadline-for-holding-annualgeneral-meetings\/","title":{"rendered":"The new position of the Dakar Commercial Court on the deadline for holding annualgeneral meetings"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\"><strong>Legal background<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Under article 548 of the Revised Uniform Act on Commercial Companies and Economic Interest Groups (AUSCGIE), <strong>the Annual General Meeting<\/strong> (AGM) must be held at least once a year, within six months of the end of the financial year, i.e. before 30 June each year. An extension of this deadline may be granted by a court decision upon the filing of a petition.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><br>When a decision is taken by the court, it will set a precise deadline within which the AGOA must be convened.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><br><strong>New position of the Commercial Court<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><br>The Commercial Court has recently adopted a stricter position:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>No further extensions of time may be granted after the 30 June deadline under the informal procedure (ordonnance \u00e0 pied de requ\u00eate).<\/li>\n\n\n\n<li>After the 30 June deadline, a shareholder\/partner will have to initiate adversarial proceedings. This action will require a summons from the Company&#8217;s legal representative as well as from the Company itself for reasons of enforceability.<\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Recommendations<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">This new position calls for increased vigilance on the part of companies and their governance bodies to ensure that:<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">&#8211; Either that AGMs are held within the legal timeframe (before 30 June);<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">&#8211; Or to file a request for an extension of the AGOA with the Court before 30 June.<br><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">In the event of a delay, action should be taken with the Commercial Court as soon as possible.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Legal background Under article 548 of the Revised Uniform Act on Commercial Companies and Economic Interest Groups (AUSCGIE), the Annual General Meeting (AGM) must be held at least once a year, within six months of the end of the financial year, i.e. before 30 June each year. An extension of this deadline may be granted [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[47],"tags":[],"class_list":["post-6557","post","type-post","status-publish","format-standard","hentry","category-news"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>The new position of the Dakar Commercial Court on the deadline for holding annualgeneral meetings - Cabinet Houda<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.avocatshouda.com\/en\/the-new-position-of-the-dakar-commercial-court-on-the-deadline-for-holding-annualgeneral-meetings\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"The new position of the Dakar Commercial Court on the deadline for holding annualgeneral meetings - Cabinet Houda\" \/>\n<meta property=\"og:description\" content=\"Legal background Under article 548 of the Revised Uniform Act on Commercial Companies and Economic Interest Groups (AUSCGIE), the Annual General Meeting (AGM) must be held at least once a year, within six months of the end of the financial year, i.e. before 30 June each year. 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