Public limited company
Government company
Private limited company
FERA company
Answer is Wrong!
Answer is Right!
The correct answer is: C. Private limited company.
A statutory meeting is
a meeting of the members of a company that is required to be held within 18 months of the company’s incorporation. The purpose of the meeting is to allow the members to receive an explanation of the company’s affairs and to ask questions of the directors.A private limited company is a company that has a limited number of members (no more than 50) and whose shares are not offered to the public. Private limited companies are not required to hold a statutory meeting.
A public limited company is a company that has a large
number of members (no limit) and whose shares are offered to the public. Public limited companies are required to hold a statutory meeting.A government company is a company that is owned or controlled by the government. Government companies are not required to hold a statutory meeting.
A FERA company is a company that is registered under the Foreign Exchange Regulation Act, 1973. FERA companies are not required to hold a statutory meeting.