Must hold Statutory Meeting within one year of the certificate of incorporation
Must hold Statutory Meeting within six months of the certificate of incorporation
Must hold Statutory Meeting within 3 months of the certificate of Commencement of Business
Neet not hold Statutory Meeting
Answer is Right!
Answer is Wrong!
The correct answer is: A. Must hold Statutory Meeting within one year of the certificate of incorporation.
A statutory meeting is a meeting of the shareholders of a company that must be held within one year of the company’s incorporation. The purpose of the meeting is to allow the shareholders to approve the company’s accounts and to elect the directors. The meeting must be held at a place in the United Kingdom and must be advertised in the London Gazette.
The following are the details of each option:
- Option A: Must hold Statutory Meeting within one year of the certificate of incorporation. This is the correct answer.
- Option B: Must hold Statutory Meeting within six months of the certificate of incorporation. This is incorrect. The statutory meeting must be held within one year of the certificate of incorporation, not six months.
- Option C: Must hold Statutory Meeting within 3 months of the certificate of Commencement of Business. This is incorrect. The statutory meeting must be held within one year of the certificate of incorporation, not three months.
- Option D: Need not hold Statutory Meeting. This is incorrect. The statutory meeting is a mandatory requirement for all companies.