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The statutory meeting of a company is convened

This question belongs to Commerce Accounting
Accounting
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The statutory meeting of a company is convened

Answer & Solution
Correct Answer: Option B
The statutory meeting of a company is convened once in the life time of the company.

A statutory meeting is a one-time meeting of shareholders and directors that occurs shortly after the company's incorporation.

The purpose of this meeting is to discuss important matters such as the company's formation, appointment of directors, and initial financial matters.

Therefore, the correct option is once in the life time of the company.
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1 Comment
Bhumika Sharma
Bhumika Sharma 3 years ago
The statutory meeting is held once in the lifetime of the company and it should be held within 30 days but not more than 6 months after the date on which the company is authorized to commence its business. Public companies with share capital must hold a statutory meeting. Private limited companies and companies limited by guarantee are exempt from this requirement.
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