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Question
A ______ report is prepared and submitted in the format as laid down by law.
Fill in the Blanks
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Solution
A statutory report is prepared and submitted in the format as laid down by law.
Explanation:
A statutory report is a type of report that a company is legally required to prepare and submit. Since it is mandated by law, the format, contents, and the time within which it must be submitted are all clearly specified in the relevant legal provisions (such as the Companies Act).
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