Virtual AGM Requirements: Industrial And Provident Societies

Due to the current COVID-19 restrictions, certain industrial and provident societies ("Societies") may be required to conduct their AGM this year using electronic communications technology. This may or may not be permitted under the Society's governing rules (the "Society's Rules"). Should a Society's Rules not provide for holding their AGM using electronic communications technology, a Society may choose to hold its AGM using the procedure set out in the Companies (Miscellaneous Provisions) (Covid-19) Act 2020 (the "2020 Act"). The 2020 Act takes precedence over the Industrial and Provident Societies Act of 1893 and any conflicting provisions in a Society's Rules.

The 2020 Act