Audit committee quoram
Querist : Anonymous
Un listed company what is the quoram required for audit committee, if MD & WD are members of audit committee, will they be counted for quoram ?
Pls giv your views
In unlisted companies the quorum is generally 2.
For the purpose of constitution, the section states that 1/3rd of members shall be other than MD and WTD. However there is nothing to exclude them from quorum. They will be counted for quorum.
Querist : Anonymous
If two memberes constitute quoram, MD & WTD themselves will constitute quoram,dont you think this will be against the spirit of section 292 A and very purpose of formation of audit committee
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