Statutory Meeting is a special type of meeting of members of a public limited company,which is intended to be held only once in life time of a company.
TYPES OF COMPANIES TO HOLD STATUTORY MEETING
The following type of companies are required to convene and hold a statutory meeting in accordance with the provisions of section 165 of the Companies Act, 1956:-
•A public Company limited by shares;
•A Public Company limited by guarantee having a share capital.
Therefore a private company and a private limited company, converted into public limited company is not required to hold statutory meeting.