https://www.taxtmi.com/acts?id=33842 Regulation 18 requires an audit committee of minimum three directors with two thirds independent membership (or only independent directors where specified equity instruments exist). Members must be financially literate and at least one must have accounting or related financial management expertise. The independent director chair must attend the annual general meeting to answer shareholder queries; the company secretary is secretary to the committee. The committee may invite finance, internal audit and statutory audit representatives, meet at least four times a financial year with prescribed intervals, maintain a quorum including two independent directors, and exercise investigatory and advisory powers. en-us Mon, 24 Dec 2018 15:04:59 +0530 Sat, 14 Dec 2024 13:06:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=33842 Regulation 18 requires an audit committee of minimum three directors with two thirds independent membership (or only independent directors where specified equity instruments exist). Members must be financially literate and at least one must have accounting or related financial management expertise. The independent director chair must attend the annual general meeting to answer shareholder queries; the company secretary is secretary to the committee. The committee may invite finance, internal audit and statutory audit representatives, meet at least four times a financial year with prescribed intervals, maintain a quorum including two independent directors, and exercise investigatory and advisory powers. Act-Rules SEBI Mon, 24 Dec 2018 15:04:59 +0530 https://www.taxtmi.com/acts?id=33842