The cancellation of an EGM can sometimes be difficult; however, it is not impossible by any means. A resolution passed at a meeting of the company’s board of directors which states that an extraordinary general meeting will be held may be canceled or rescinded at any time. However, it may not be canceled during the same meeting in which it is passed.
Should any other resolution be passed during a meeting of the company’s board of directors for any reason other than the holding of an EGM which the directors subsequently believe ought to be canceled, rescinded, or amended, an EGM must be held. Such an EGM may not be canceled if the directors intend to proceed with the cancellation, rescinding, or amending of the resolution in question. If any official forms related to the resolution in question have already been filed with important authorities; for example, the Companies Commission of Malaysia (SSM) or Malaysia’s Ministry of Human Resources, the next step can only be taken after the resolution has first been passed. Once it has been passed, it can then be rescinded in a subsequent EGM, and after that has been done, the authorities in question will have to be updated of the latest turn of events. Finally, another resolution must be passed at a subsequent meeting for the rescinding of the previous decision which took place during the extraordinary general meeting.