Question

The ' Statutory Report, must be circulated at least ________days before the date of the meeting.

• A. 15 days
• B. 21 days
• C. 25 days
• D. 27 days

Answer 1

The correct option is B 21 days

The Board of directors of a company shall at least 21 days before the day on which the meeting is held, forward a statutory report to every member of the company.

Provided that if the statutory report is forwarded later than is required above, it shall, notwithstanding that fact, be deemed to have been duly forwarded if it is so agreed to by all the members entitled to attend and vote at the meeting.