Q521
The statutory meeting of a company is convened
A.
once in a year
B.
once in the life time of the company
AnswerC.
once in 6 months
D.
once in 3 months
Answer: Option B
Solution
Answer: Option B
Solution:
The statutory meeting of a company is convened once in the life time of the company.A statutory meeting is a one-time meeting of shareholders and directors that occurs shortly after the company's incorporation.
The purpose of this meeting is to discuss important matters such as the company's formation, appointment of directors, and initial financial matters.
Therefore, the correct option is once in the life time of the company.