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of <h1>Company circulation of financial statements and auditor reports before general meetings; 21-day rule, 95% consent exception, penalties</h1> Requires a company to send to every member, debenture trustee and other entitled person a copy of the financial statements (including consolidated financial statements, if any), auditor's report and all statutorily annexed/attached documents at least 21 days before the general meeting; shorter circulation is deemed valid if consented to by members holding the prescribed 95% voting thresholds, enabling lawful notice despite reduced lead time. For a listed company, compliance is deemed satisfied if the documents are available for inspection at the registered office for 21 days and only salient features or such copies as it deems fit are sent, unless shareholders request full statements; listed companies must also host the financial statements and specified subsidiary accounts (including foreign subsidiary statements in prescribed form) on their website. Members/debenture trustees have a right to inspect these documents, and defaults attract monetary penalties on the company and defaulting officers.
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