what are the statutory reserves of a company?
public company needs a statutory report
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pubic company
A statutory financial statement is a financial statement of an insurance company prepared in accordance with statutory accounting standards.
shareholders
A statutory audit is necessary by law for auditing all company’s financial health and records. In the UAE Audit firms in Dubai provide a statutory audit for all companies in UAE to check financial health by reviewing its accounts & accounting activities. Government organizations in the UAE must have their accounts reviewed by statutory auditors. A company’s shareholders can select any qualified statutory audit firm in UAE at the annual general meeting. For more info refer : What is Statutory Audit | How To Do Statutory Audit of A Company In Dubai
statutory co is a company which is passed by a special act by central or state legislature.like-indian railway,icai etc. This co dont required to have its MOA because the rules $ regulation are alredy written in such Act. the audit of such co is conducted by CAG
A statutory body deals with enforcing legislation for a country or state. An autonomous body is a company that regulates its own company law.
yes
A statutory body is a company or organization created by law, or statute, in order to regulate or carry out a public function. Examples of statutory bodies include the Airport Authority of India, the Food Corporation of India and the National Highway Authority of India.
Statutory control is a type of company management that has been imposed by an industrial authority. Malpractice or corruption can lead an industrial authority to appoint a special team to run a company until investigations are complete.