Question

Statutory meeting must be held in case of a public company.

• A. Yes
• B. No
• C. It is your wish
• D. None of the above

Answer 1

Answer: (A)

Yes

As per section 142 of the Companies Act, 2013, 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".