https://www.taxtmi.com/acts?id=50434 The regulation requires every HVDLE to constitute an audit committee of at least three directors with two thirds independent directors; all members must be financially literate and one must have accounting or related financial management expertise. The chair must be an independent director and attend the annual general meeting; the company secretary acts as committee secretary. The committee must meet at least four times per financial year, with no more than 120 days between meetings, a quorum including at least two independent directors, and has investigatory powers and authority to obtain external advice. The committee's specific role is set out in Part C of Schedule II. en-us Fri, 28 Mar 2025 17:37:12 +0530 Fri, 23 Jan 2026 17:10:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=50434 The regulation requires every HVDLE to constitute an audit committee of at least three directors with two thirds independent directors; all members must be financially literate and one must have accounting or related financial management expertise. The chair must be an independent director and attend the annual general meeting; the company secretary acts as committee secretary. The committee must meet at least four times per financial year, with no more than 120 days between meetings, a quorum including at least two independent directors, and has investigatory powers and authority to obtain external advice. The committee's specific role is set out in Part C of Schedule II. Act-Rules SEBI Fri, 28 Mar 2025 17:37:12 +0530 https://www.taxtmi.com/acts?id=50434