When you meat with someone yunger than half your age + 7.
- Statutory meetings are the ones that are governed by law. Registered companies must adhere to the Companies' Act - this is set down by Local Government - Regional, City and District Councils are also governed by the requirements set down in statutes.
pubic company
Not meeting the statutory requirements to prevail in the claim.
Tata Motors held its statutory meeting on October 29, 1945. This meeting was significant as it marked the official commencement of the company’s operations and the introduction of its first vehicle, the Tata 1 Ton truck, which played a crucial role in India's automotive industry. The meeting laid the foundation for Tata Motors' growth and development in the years to follow.
True
True.
True
True.
It is the official genral meeting of shareholders.all public co having a sh capy expt unlimited co r req to hold sm
True.
A non-statutory meeting is a gathering that is not mandated by law or regulation but is held for various reasons, such as discussing organizational matters, planning, or team-building. These meetings are typically convened at the discretion of an organization’s management or leadership. Unlike statutory meetings, which follow specific legal requirements and procedures, non-statutory meetings offer more flexibility in terms of agenda and participation. They can serve as an important tool for fostering communication and collaboration within a team or organization.
A statutory audit is a required examination that examines the accuracy of a corporation's or governmental entity's financial accounts and paperwork. The primary goal of this audit is to discover whether a company shows a true and exact picture of its financial standing, achieved through the study of details such as bank funds, accounting records, and financial deals. Objectives of a Statutory Audit Spotting Mistakes Auditors look for any errors in the accounts—whether it's a wrong entry, a missing number, or a simple typing mistake. Catching Fraud They also keep an eye out for anything that looks fishy, like unusual transactions or signs of wrongdoing. Finding Hidden Errors Sometimes mistakes cancel each other out and go unnoticed. Auditors dig in to uncover these kinds of issues too. Fixing Accounting Principle Mistakes If the company has used the wrong accounting method or misunderstood a rule, auditors point it out and help set things right. In India, statutory audits are governed primarily by the Companies Act, 2013 and conducted according to standards set by the Institute of Chartered Accountants of India (ICAI). It's an audit you must have by law, conducted by an independent auditor to protect shareholders, creditors, and the public interest. And if someone wants to understand statutory audits in a more practical way, a lot of students find CA Tushar Makkar’s “Master Blaster of Statutory Audit” course pretty useful.
Yes, True