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Business Studies

Important Laws

How many days...

Question

How many days before, the notice of statutory meeting is to be circulated __________.

A

21 days

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B

7 days

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C

23 days

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D

None of these

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Solution

The correct option is D None of these
Statutory meetings are those which are prescribed by any statute. As per old Companies Act, 1956; holding a statutory meeting was mandatory in nature but with the amendment and coming of a new act in 2013, the concept of statutory meeting was dropped.

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