Presence of audit committee chairman in agm
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
21 July 2012
Dear Expert,
As per Provisions of Listing Agreement, Chairman of the Audit Committee must be present in the Annual General Meeting for resolving the queries of Members in respect of Financial Statements/ Accounts etc.
Now my question is, can chaiman of the Audit Committe appoint or authorized to someone else on behalf of him to attend the AGM or if yes, then what should be qualification of that representative.
As per Provisions of Listing Agreement, Chairman of the Audit Committee must be present in the Annual General Meeting for resolving the queries of Members in respect of Financial Statements/ Accounts etc.
Now my question is, can chaiman of the Audit Committe appoint or authorized to someone else on behalf of him to attend the AGM or if yes, then what should be qualification of that representative.
21 July 2012
No
Listing agreement does not contain such provision.
Listing agreement does not contain such provision.
23 July 2012
Yes it is required under Listing Agreement that the Chairman of the Audit Committee must be present in the AGM to answer the queries of the Shareholders.
However, in the case chairman is not available in the AGM, Company should obtain a written intimation in this regard wherein he should authorise any other member of the Committee to present in the AGM and answer the queries of the Members.
However, in the case chairman is not available in the AGM, Company should obtain a written intimation in this regard wherein he should authorise any other member of the Committee to present in the AGM and answer the queries of the Members.
Querist : Anonymous
Querist :
Anonymous
(Querist)
03 August 2012
Thanks you sir,
can it be possible to authorise any one to attend the AGM on behalf of Audit Committee chairman if other members of the committee is also unable to attend the said AGM. if yes then what should be qualification of that person???
can it be possible to authorise any one to attend the AGM on behalf of Audit Committee chairman if other members of the committee is also unable to attend the said AGM. if yes then what should be qualification of that person???
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