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Question
“The annual report of a company is both routine and statutory.” Comment.
Short Answer
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Solution
Before each year’s annual general meeting, a corporation must present its annual report. Hence, it is just another ordinary report.
As per the Companies Act, 2013, a firm must provide the Registrar of Companies with a duplicate of its annual report. Therefore, it is a report that is required by law.
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Chapter 16: Reports and Report Writing - QUESTION BANK [Page 248]
