Under section 136(1), a copy of the financial statements with the auditor's report must be sent to every member at least ______ before the date of the general meeting at which they are to be laid.

Correct answer: C) Twenty-one days

Explanation

Section 136(1) requires a copy of the financial statements, including consolidated statements, the auditor's report and every other document required to be attached, to be sent to every member, trustee for debenture-holders and other persons entitled. They must be sent not less than twenty-one days before the meeting. Under the proviso, copies sent less than twenty-one days before the meeting are deemed duly sent if members holding a majority in number of those entitled to vote and representing not less than ninety-five per cent of the paid-up voting share capital so agree.