Business Studies

Select the correct option given below:
Before the statutory meeting the secretary has to draft the _______.


ANSWER

statutory report


SOLUTION
Statutory meeting is the first meeting of the shareholders of a public company having a share capital and is held once in the lifetime of a company. The board of directors of a company shall atleast 21 days before the day on which the meeting is held, forward a report which is called as the statutory report to every member of the company. It should be certified as correct by atleast 2 directors.
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