Question

State the following statements is True or False.

Every public company must hold a statutory meeting.

• A. True
• B. False

Answer 1

The correct option is A True

Every public company that is a limited company and has a share capital shall, within a period of not less than one month and not more than three months after the date at which it is entitled to commence business, hold a general meeting of the members of the company to be called the "statutory meeting".