Audit Committee.

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....m of three directors with independent directors forming a majority:           Provided that majority of members of Audit Committee including its Chairperson shall be persons with ability to read and understand, the financial statement.      (3) Every Audit Committee of a company existing immediately before the commencement of this A....

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....sequent modification of transactions of the company with related parties;           (v) scrutiny of inter-corporate loans and investments;           (vi) valuation of undertakings or assets of the company, wherever it is necessary;           (vii) evaluation of internal ....

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....in professional advice from external sources and have full access to information contained in the records of the company.      (7) The auditors of a company and the key managerial personnel shall have a right to be heard in the meetings of the Audit Committee when it considers the auditor's report but shall not have the right to vote.      (8) The Boar....