Every public company limited by shares or limited by guarantee and having a share capital must hold a general meeting of the members of the company which may be called the statutory meeting. It is to be convened after not less than one month but within six months from the date at which the company is entitled to commence business.
A meeting held prior to the statutory period of one month from the date of entitlement of a company to commence business cannot be called the statutory meeting. The statutory meeting is held only once in the lifetime of a company.
Objectives of Statutory Meeting are:
|Objectives of statutory meeting as per companies Act|
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