Question

State the following statements is True or False:

The meeting which held once in the life time of a public company is the statutory meeting.

• A. True
• B. False

Answer 1

The correct option is A True

A Public Limited Company with Share Capital is required by the Companies Act 2013, to hold a general meeting of the members within a period of not less than one month and not more than three months after the date of commencement of business. This meeting is known as the Statutory Meeting. It is the first meeting of the Company and is thus held only once in the lifetime of the Public Limited Company. The purpose of the meeting is to give the members an opportunity to discuss matters relating to the formation of the Company.

Thus, the correct answer is A.