Audit Committee under Listing Agreement


Posted on 09-04-2016        By ADMIN

Audit Committee under Listing Agreement In case of Listed Companies, their compliance shall be in accordance with the Corporate Governance provisions enshrined in Clause 49 of the Listing Agreement. The provisions relating to Audit Committee as contained in the recently amended Clause 49 of the Listing Agreement which will take October 1, 2014 reads as under: A qualified and independent audit committee shall be set up, giving the terms of reference subject to the following: (i) The audit committee shall have minimum three directors as members. Two-thirds of the members of audit committee shall be independent directors; (ii ) All members of audit committee shall be financiall y literate and at least one member shall have accounting or related financial management expertise; (iii ) The Chairman of the Audit Comm ittee shall be an independent director; (iv) The Chairman of the Audit Comm ittee shall be present at Ann ual General Meeting to answer shareholder queries; (v) The audit comm ittee may ...... #Download Free companies act 2013 notes book


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