This question is slightly odd, so please bear with me.
As per Clause 49(II)(A)(iv) of the Listing Agreements, the Chairman of the Audit Committee of a Listed Company must be present in the Company's AGM to answer shareholders' query. However, as on the date of AGM, the Chairman becomes very sick, thus rendering him completely incapable to participate in the AGM.
What could be done in such a case?
Dear Arunabha,
In the above case, AGM can not be held and will have to adjourn the meeting for next suitable day.
Regards,
Aditya
Dear Arunabha,
In the above case, AGM can not be held and will have to adjourn the meeting for next suitable day.
Regards,
Aditya
S.B.G. & CO. CHARTERED ACCOUNTANTS
New Delhi
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