Statutory Meeting:
A Statutory Meeting is a meeting held by a company within six months from the date of its incorporation. It is a mandatory meeting that all companies must hold. Its purpose is to inform shareholders about the company's financial status, operations, and any other important matters.

Annual General Meeting:
An Annual General Meeting (AGM) is a yearly meeting held by a company to discuss its financial performance, elect directors, set executive compensation, and approve audited financial statements. The purpose of the Annual General Meeting is to provide shareholders with the opportunity to ask questions and make decisions about the company's future.

Differences between Statutory Meeting and Annual General Meeting:

1. Purpose: The purpose of a statutory meeting is to inform shareholders about the company's financial status and operations, while the purpose of an AGM is to discuss the company's financial performance, elect directors, set executive compensation, and approve audited financial statements.

2. Timing: A statutory meeting is held within six months from the date of the company's incorporation, while an AGM is held once a year after the company's financial year-end.

3. Attendance: The attendance of shareholders is mandatory for the statutory meeting, while for the AGM, shareholders can choose to attend or not.

4. Agenda: The agenda for the statutory meeting is fixed, and companies are required to discuss certain topics. The agenda for the AGM is more flexible and can include items proposed by shareholders.

5. Quorum: For a statutory meeting, the quorum requirement is two members present in person or by proxy. For an AGM, the quorum requirement is usually a minimum of two shareholders present in person or by proxy.

In conclusion, while both meetings are important for companies, they serve different purposes and have different requirements. The statutory meeting is mandatory and focuses on informing shareholders about the company's financial status and operations, while the AGM is more flexible and focuses on discussing the company's financial performance, electing directors, and approving audited financial statements.