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of <h1>Mandatory Statutory Meeting for Public Companies: Key Compliance Under Section 165 of Companies Act, 1956</h1> Section 165 of the Companies Act, 1956 mandates that companies limited by shares or by guarantee with share capital must hold a statutory meeting within one to six months from commencing business. The Board of Directors must send a statutory report to all members at least 21 days before the meeting. This report includes details on shares allotted, cash received, company receipts and payments, director and auditor information, contracts, and any underwriting or commission details. The report must be certified by directors and auditors, filed with the Registrar, and available at the meeting. Non-compliance results in fines for defaulting officers. This section excludes private companies.
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