Question

Select the correct option given below:

The statutory meeting is held _______ of a company.

• A. once in a life time
  
• B. twice in a life time
  
• C. every year
  
• D. none of the above
  

Answer 1

The correct option is A once in a life time

A statutory meeting is held once in a lifetime of the company as to provide an opportunity to the members for discussing all matters relating to the formation of the company. All the companies, those are required to hold Statutory Meeting, shall hold its Statutory Meeting within a period of not less than 1 month nor more than 6 months from the date at which the company is entitled to commence business.