What triggers the need for a general meeting to be held?

The need for a general meeting to be held is triggered primarily by the receipt of a requisition from authorized persons. This means that if shareholders or members of the company who meet certain qualifications request a meeting to discuss specific issues or votes, the company is obligated to hold that meeting. This process ensures that shareholders have the ability to voice their concerns or propose changes, thus maintaining their rights and involvement in the governance of the company.

While the annual requirement set by shareholders typically calls for a meeting, not all meetings are triggered solely by this. The approval of major company policies and the completion of financial statements are important events in a company's lifecycle but do not inherently require a general meeting unless specifically requested through requisition by the shareholders or members. This emphasis on requisition reflects the legal framework that upholds shareholder engagement and rights within corporate governance.