The correct answer is: B. Three months of obtaining the certificate of incorporation.
A statutory meeting is a meeting of the shareholders of a company that must be held within three months of the company’s incorporation. The purpose of the meeting is to elect the company’s directors and to approve the company’s initial accounts.
The meeting must be held at a place in the United Kingdom that is specified in the company’s articles of association. The notice of the meeting must be sent to all of the company’s shareholders at least 21 days before the meeting.
The meeting must be chaired by the chairman of the board of directors, or if there is no chairman, by a person appointed by the directors. The meeting must be recorded in a minute book.
The statutory meeting is an important meeting for a company, as it marks the beginning of the company’s life. The meeting is also an opportunity for shareholders to meet the directors and to ask questions about the company’s affairs.
Here is a brief explanation of each option:
- Option A: One month of obtaining the certificate to commence business. This is incorrect, as the statutory meeting must be held within three months of obtaining the certificate of incorporation, not the certificate to commence business.
- Option B: Three months of obtaining the certificate of incorporation. This is the correct answer, as the statutory meeting must be held within three months of obtaining the certificate of incorporation.
- Option C: Six months of issuing the prospectus. This is incorrect, as the statutory meeting must be held within three months of obtaining the certificate of incorporation, not six months of issuing the prospectus.
- Option D: Six months of obtaining the certificate for commencement of business. This is incorrect, as the statutory meeting must be held within three months of obtaining the certificate of incorporation, not six months of obtaining the certificate for commencement of business.