- 6 Marks
Question
The directors of a public company are required to submit a statutory report within a specified period to every member before the date of the statutory meeting.
Required:
State six items contained in the statutory report.
Answer
The statutory report contains the following items:
i. The total number of shares allotted, as fully or partly paid up, and if partly paid, the extent to which they are paid up.
ii. The total amount of cash received for the allotted shares.
iii. Names, addresses, and other details of the directors, secretaries, and auditors of the company.
iv. Particulars of any pre-incorporation contract together with expected modifications.
v. Any underwriting contract yet to be executed and reasons therefor.
vi. The arrears, if any, due on calls from every director.
- Tags: Company Law, Public Company, Statutory Report
- Level: Level 1
- Topic: Company Law
- Series: NOV 2022
- Uploader: Theophilus