Statutory Duties:

★ To see that all money received from applicants are deposited in a scheduled bank.

★ To call an extra ordinary general meeting when demanded by a valid requisition.

★ To present annual accounts and balance sheet.

★ To forward a statutory report to every member of the company.

★ To call and hold the statutory meeting.

★ To disclose their interest while entering into any transaction with the company.

★ Not to enter into any contract with the company without the consent of the Board of Directors for the sales, purchase or supply of any goods, materials etc.