Statutory report must be submitted with in??a)21 daysb)30 daysc)45 day...
Statutory Report of Statutory Meeting. The Board of directors of a company shall, at least 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. Companies on which section 165 is applicable.
Statutory report must be submitted with in??a)21 daysb)30 daysc)45 day...
Submission of Statutory Report
Statutory report is a report which is required to be submitted by a company to the Registrar of Companies within a specified time period after incorporation. The report contains information about the company's financial position, share capital, and other details.
Time Period for Submission
The time period for submission of statutory report is specified under Section 165 of the Companies Act, 2013. The correct answer to the question is option 'A' which is 21 days.
Consequences of Delay
If a company fails to submit the statutory report within the specified time period, it may be liable to pay a penalty. Moreover, the Registrar of Companies may also take legal action against the company and its officers for non-compliance.
Conclusion
In conclusion, a company must submit its statutory report within 21 days from the date of incorporation. Failure to do so may result in penalties and legal action.