At the company's annual general meeting, James bumps into the company secretary. James had observed that the notice he had received advising him of his company's annual general meeting had stated that it would commence 'at 1 pm'. Yet, on the day, the annual general meeting had not commenced until 1.10 pm because the chair had been delayed in traffic while trying to reach the meeting's venue. James surmised that this delay in starting the meeting could constitute a procedural irregularity that could only be rectified by his company conducting the whole annual general meeting again.

Pretend that you are the company secretary and provide advice to James regarding his question on procedural irregularity. Use relevant sections of the Corporations Act 2001 and/or case laws to support your answer (3 marks).