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What is the purpose of a statutory meeting?
  • a)
    To review the company's financial statements.
  • b)
    To elect directors for the upcoming year.
  • c)
    To put shareholders in possession of important facts about the company.
  • d)
    To discuss matters of common interest among shareholders.
Correct answer is option 'C'. Can you explain this answer?
Most Upvoted Answer
What is the purpose of a statutory meeting?a)To review the company's f...
The purpose of a statutory meeting is to provide shareholders with important facts about the company, such as shares allotted, cash received, contracts entered into, and preliminary expenses. This meeting allows shareholders to discuss the company's management methods and prospects.
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What is the purpose of a statutory meeting?a)To review the company's financial statements.b)To elect directors for the upcoming year.c)To put shareholders in possession of important facts about the company.d)To discuss matters of common interest among shareholders.Correct answer is option 'C'. Can you explain this answer?
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