Re constitution of audit committee-casual vacancy

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Should the Audit Committee of  an unlisted public Company be reconstituted while appointing a director in casual vacancy? The person in whose place the incumbent will be appointed was a member of the Audit Committe. Currently the committee comprises of 3 directors, the minimum number of directors required to be present under the Act.  

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So long as requirements of Section 292A are met, there is no need to reconstitute the Committee.

 


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