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Greek law sets a firm annual deadline. Under Article 119(1) of Law 4548/2018, an AE must hold its ordinary general meeting no later than the tenth calendar day of the ninth month after the corporate year-end. For a December year-end, that means the meeting must take place by 10 September. The same deadline applies to the IKE’s ordinary partners’ assembly under Article 69(2) of Law 4072/2012.
One additional trigger applies to the AE. If total equity falls below half of the paid-up share capital, Article 119(4) obliges the Board to convene a general meeting within six months of the year-end. The agenda must address dissolution or a corrective measure.
Who Has the Right to Call the Meeting?
For the AE, the Board of Directors convenes the general meeting under Article 121(1) of Law 4548/2018. The company’s auditor may also request a meeting by written application to the Board chairman. The Board must act within ten days. Additionally, shareholders holding at least one-twentieth (1/20) of the paid-up capital may demand an extraordinary meeting. If the Board ignores the request for 20 days, those shareholders may apply to court.
The notice must reach GEMI at least 20 full days before the meeting date. Listed companies must also publish the full notice on the company’s website. Each shareholder of a non-listed AE may separately request individual email notification at least ten days in advance. Where all shareholders are present and none objects, the meeting may proceed without any prior notice under Article 121(5) — the universal general meeting.
For the IKE, the administrator convenes the assembly with at least eight full days’ notice. Personal notification of each partner, including by email, is mandatory. Partners holding one-tenth of total company shares may force a meeting if the administrator fails to act within ten days of their request.
How Does an AGM in Greece Actually Work?
Non-listed AEs may hold the meeting entirely by electronic means where the articles of association permit. Furthermore, any shareholder residing abroad — or facing a serious reason such as illness — may demand participation by videoconference under Law 4712/2020, regardless of what the articles say.
Quorum for ordinary matters requires shareholders representing at least one-fifth (1/5) of the paid-up capital. If that threshold is not reached, the company calls a repeat meeting within 20 days, with at least ten days’ notice. At the repeat sitting, the assembly proceeds regardless of the percentage of capital represented. For fundamental decisions — articles amendments, capital changes, dissolution — an enhanced quorum of one-half (1/2) applies, with a two-thirds (2/3) majority required to pass them.
The IKE works differently. Law 4072/2012 has no traditional quorum concept. Under Article 72(4), decisions require an absolute majority of all company shares, calculated against the full share capital rather than those attending. Enhanced matters require two-thirds of total shares.
What Are the Filing Obligations After the Meeting?
The company has 20 days from approval to file the annual financial statements in GEMI, together with the Board’s management report and the auditors’ report. Minutes containing registrable acts — board elections, articles amendments, capital changes — carry the same 20-day deadline under Article 93(3) of Law 4548/2018.
For the IKE, an additional preliminary step applies. The administrator must publish the annual financial statements in GEMI and on the company’s website within three months of the year-end, before the partners’ assembly convenes to approve them. The post-approval 20-day filing obligation then follows.
What Are the Consequences of Missing the AGM in Greece?
Non-compliance carries serious risk at multiple levels. Companies that fail to publish financial statements on time face registration suspension in GEMI under Article 29 of Law 4919/2022. During suspension, the company cannot submit any new filing — no board changes, no capital updates, nothing — until it clears the backlog. In addition, administrative fines range from €100 to €100,000 under Joint Ministerial Decision 46982/2025, operative since January 2026. Board members and administrators also face personal civil liability under Articles 102 and 180(1) of Law 4548/2018 for failing to convene on time or file as required.
What’s Next?
Managing an AGM in Greece requires detailed planning and full legal awareness. For more insights into processes in other jurisdictions, explore our article AGM in Austria: Process, Deadlines and Filings Guide.
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