I'm in a development that has also not been handed over by the builders, even after 2 years. There have been meetings, but I don't know whether they were officially AGMs or not. If the development has not been handed over, then as I understand it there are no resident/owner directors on the Management Company board, and there are no shareholders as such, so how useful can an AGM be?
Does anybody know what the actual legal situation is: could the builders in theory hold onto one or more apartment for 10 years, and never release control of the management company? And could they, in theory, increase the management fees by any arbitrary amount during this time?