https://www.taxtmi.com/article/detailed?id=340 A qualified and independent audit committee must be constituted with a majority of independent directors, financial literacy among members and at least one member possessing accounting or financial management expertise; the chair must be independent and available to answer shareholders at the general meeting. The committee meets at regular intervals with a prescribed quorum, may investigate matters within its remit, obtain information and external advice, and oversee appointment and remuneration of statutory auditors. Its operational duties include review of financial statements, accounting policies, related-party transactions, internal controls, internal and statutory audit findings, use of issue proceeds, whistleblower mechanisms and reporting on committee composition and recommendations. en-us Fri, 17 Apr 2009 00:00:00 +0530 Thu, 10 Dec 2009 21:27:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=340 A qualified and independent audit committee must be constituted with a majority of independent directors, financial literacy among members and at least one member possessing accounting or financial management expertise; the chair must be independent and available to answer shareholders at the general meeting. The committee meets at regular intervals with a prescribed quorum, may investigate matters within its remit, obtain information and external advice, and oversee appointment and remuneration of statutory auditors. Its operational duties include review of financial statements, accounting policies, related-party transactions, internal controls, internal and statutory audit findings, use of issue proceeds, whistleblower mechanisms and reporting on committee composition and recommendations. Articles Corporate Laws / IBC / SEBI Fri, 17 Apr 2009 00:00:00 +0530 https://www.taxtmi.com/article/detailed?id=340