Audit committee as per clause 49 of listing agreement
This query is : Resolved
03 July 2012
If Chairman is absent in Audit Committee meeting, can members elect chairman from amongst themselves.
03 July 2012
Hi
Yes, you can do so but you the company maintain the executive or non-executive composition of the Audit Committee after chairman change.
Yes, you can do so but you the company maintain the executive or non-executive composition of the Audit Committee after chairman change.
03 July 2012
However,The Chairman of the audit committee should be an independent non executive director.
04 July 2012
Hi
Sorry, for my earlier reply, It may be noted that the Chairman of the audit committee can not be elected from meeting to meeting. It will be decided by Board of Director by constituting the Audit Committee.
Sorry, for my earlier reply, It may be noted that the Chairman of the audit committee can not be elected from meeting to meeting. It will be decided by Board of Director by constituting the Audit Committee.
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04 July 2012
thanks for the reply. I think a vice-chairman should be elected, so that when chairman is absent vice chairman will chair the meeting
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