Question

The notice of the statutory meeting must be accompanied by __________.

• A. Director's Report
  
• B. Progress Report
  
• C. Statutory Report
  
• D. none of the above
  

Answer 1

The correct option is C Statutory Report

Statutory meeting is the first meeting of the shareholders of a public company. It must be held within a period of not less than one month and not more than six months. The purpose of statutory meeting with its statutory report is to tell the shareholders of all the important fact about the company. The board of directors must at least 21 days before the day on which the meeting is to be held, forward a report called statutory report to every member of the company. Hence the notice of the statutory meeting must be accompanied by the statutory report.