Question

State the following statement is True or False:

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

• A. True
• B. False

Answer 1

The correct option is A True

The statutory report is the obligation of the secretary to submit details of financial and non-financial to a government or concerned agency. This report is a statement drafted by the directors of a public limited company to forward to the shareholders at least 21 days or 7 days before the date of the meeting. Each industry has its own set of laws and regulations (statues) that mandate reports. Various types of reports are as follows:

1. Statutory report

2. Annual Report

3. Director's Report

4. Audit Report

Thus the correct answer is A.