(1) With the exception of the first annual general meeting of the association, the association shall at least once in each calendar year and within the period of 6 months after the expiration of each financial year of the association convene an annual general meeting of its members.

(2) The association shall hold its first annual general meeting:

(a) within the period of 18 months after its incorporation under the Act; and
(b) within the period of 6 months after the expiration of the first financial year of the association.

(3) Sub-clauses (1) and (2) above have effect subject to any extension or permission granted by the Director-General under section 26(3) of the Act.