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Statutory General Meeting

Sneha (Article) (66 Points)

21 July 2011

What are the businesses taken up in a Statutory General Meeting?

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nimish solanki (IPCC CLEARED) (108 Points)
Replied 22 July 2011

hi... sneha

The purpose of the meeting is to enable members to know all important matters pertaining to the formation of the company and its initial life history. following business are generallytaken up

what money has been received, what contracts have been entered into, what sums have been spent on preliminary expenses, and statutory report is presented by director

however,,The members of the company present at the meeting may discuss any other matter relating to the formation of the Company or arising out of the statutory report also, even if no prior notice has been given for such other discussions but no resolution can be passed of which notice have not been given in accordance with the provisions of the Act.