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.

CS Mitesh Mehta

CS Mitesh Mehta (Expert)
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21 July 2012 No

Listing agreement does not contain such provision.

CS Ankur Srivastava

CS Ankur Srivastava (Expert)
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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.

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???

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