AGM Practices in Tunisia: Timing, Notice & Compliance

Holding an Annual General Meeting (AGM) in Tunisia is a key part of corporate governance. Shareholders use it to review company performance, approve accounts and make strategic decisions. To ensure proper governance and avoid risks, companies must follow Tunisia’s rules on timing, notice, voting and reporting.

When Must the AGM Be Held?

Under Tunisia’s corporate legislation, companies must hold an AGM within six months of the end of their financial year. The law does not permit indefinite postponement of the meeting. Missing this deadline may lead to delayed filing of financial statements and regulatory sanctions.

Notice Requirements for the AGM

Companies must provide notice of their AGM in advance. Although some sources suggest at least 30 days’ notice, the standard statutory minimum starts at 21 days. Many companies consider 30 days to allow shareholders sufficient time to review materials. Notice typically includes publication in the Official Journal of the Republic of Tunisia and in two daily newspapers — one of which must be in Arabic. Some companies also publish on their website or via electronic means.

Conducting the AGM

AGMs in Tunisia most often take place physically. Some companies use written resolutions or videoconferencing, particularly for simplified joint-stock companies that allow it. The board convenes first to agree the agenda and assemble documents. At the meeting, all shareholders must be treated equally and given the opportunity to ask questions.

Voting Rights, Proxies and Agenda Items

Each share generally grants one vote. Shareholders who cannot attend may appoint a proxy, subject to the company’s internal rules. Agenda items usually include the approval of financial statements, the appointment or removal of directors, and auditor appointment. Some laws allow shareholders who hold a small percentage of capital (e.g., 2.5 %) to propose additional agenda items, though this may not apply universally.

Reporting and Filing Obligations

Once the AGM approves the accounts, companies must file the approved financial statements, AGM minutes and related documents with the Commercial Register and tax authorities as required. External audits apply for certain entities (e.g., publicly-held companies or companies above thresholds). Compliance strengthens shareholder confidence and regulatory standing.

Consequences of Non-Compliance

If a company fails to hold the AGM or submit required filings on time, it may face fines, invalid distributions of profits, or other administrative actions. Therefore, boards should keep a detailed compliance calendar, ensure notices go out on time, collect all relevant documentation and monitor any service thresholds for audits or disclosures.

What’s Next for Klea

Managing an AGM in Tunisia demands careful coordination, timely notice and full legal awareness. For further international insights, explore our article Navigating AGMs in Indonesia with Confidence.

Klea transforms entity management with centralised governance, automated compliance, and secure collaboration tools. Businesses seeking reliable AGM workflows across borders can:

• Request a Demo – See Klea in action.
• Start a Trial – Experience how automation streamlines your AGM process.
• Talk to Our Experts – Receive tailored advice for international governance.

Company secretarial software solutions are essential for maintaining structured governance, consistent compliance and transparent shareholder interaction. With Klea, companies can ensure their AGM processes remain efficient, transparent, and risk-free.

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The information provided on Klea’s website is made available “as is” for informational purposes only. Klea does not provide legal, tax, or financial advice and is not responsible for any actions taken or not taken based on the content found on this website. In no event shall Klea be liable for any loss or damages arising from reliance on the information contained herein.

For specific legal or compliance support tailored to your business needs, please contact Klea directly. Our team provides personalised guidance and expert solutions. Any reliance on general content without direct consultation does not establish any legal responsibility or liability on Klea’s part.