https://www.taxtmi.com/article/detailed?id=167 An Audit Committee must be constituted by the board with written terms of reference and disclosed in the annual report; it must include at least three directors with a majority of non-executive members and directors with financial expertise, and the statutory auditor, internal auditor (including cost auditor where relevant) and director-in-charge of finance must attend meetings without voting rights. The committee shall review internal controls, scope and observations of audits, and periodic financial statements before board submission, investigate matters within its remit with full access to company records and external advice, and its financial-management recommendations are binding on the board unless reasons for disagreement are recorded and communicated to shareholders. en-us Sat, 13 Sep 2008 00:00:00 +0530 Thu, 10 Dec 2009 21:46:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=167 An Audit Committee must be constituted by the board with written terms of reference and disclosed in the annual report; it must include at least three directors with a majority of non-executive members and directors with financial expertise, and the statutory auditor, internal auditor (including cost auditor where relevant) and director-in-charge of finance must attend meetings without voting rights. The committee shall review internal controls, scope and observations of audits, and periodic financial statements before board submission, investigate matters within its remit with full access to company records and external advice, and its financial-management recommendations are binding on the board unless reasons for disagreement are recorded and communicated to shareholders. Articles Corporate Laws / IBC / SEBI Sat, 13 Sep 2008 00:00:00 +0530 https://www.taxtmi.com/article/detailed?id=167