81.
The answer is: A
Explanation
The correct option is A: Rs. 500 per day of default.
According to Section 165 (5) of the Companies Act, 2013, if a company fails to hold the statutory meeting within the prescribed period or fails to issue and file the statutory report according to the provisions of the Act, every director or other officer of the company who is in default shall be liable to a penalty of five hundred rupees for every day during which the default continues.
A statutory meeting is a meeting of the members of a company that has to be held within a period of not less than one month and not more than six months from the date at which the company is entitled to commence business.
A statutory report is a report that has to be prepared by the board of directors and sent to every member of the company at least twenty-one days before the day on which the statutory meeting is held. The report has to contain information such as the total number of shares allotted, the cash received by the company, an abstract of the receipts and payments, and any contracts entered into by the company.
The purpose of holding a statutory meeting and issuing a statutory report is to enable the members of the company to know about its formation, progress, and financial position.