Question

Select the correct option given below:

Before the statutory meeting the secretary has to draft the _______.

• A. progress report
  
• B. annual report
  
• C. statutory report
  
• D. none of the above
  

Answer 1

The correct option is C statutory report

Statutory meeting is the first meeting of the shareholders of a public company having a share capital and is held once in the lifetime of a company. The board of directors of a company shall atleast 21 days before the day on which the meeting is held, forward a report which is called as the statutory report to every member of the company. It should be certified as correct by atleast 2 directors.