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audit committee

Others 173 views 4 replies

Mansi Brijaria

29 Points Posted on 04 April 2018

what is the meaning of omnibus approval

Replies (4)

Sana Sultana Mussu

Student

5119 Points Posted on 04 April 2018

If i am not wrong it is-Approval for repetitive transactions...

Mansi Brijaria

29 Points Posted on 04 April 2018

that is in approval advance for all the repetetive transactions

CS Smreti

cs

641 Points Posted on 04 April 2018

omnibus approval 8s an approval taken at the start of finacial year for the whole finacial year appriving transaction to be entered with related party. Refer rule 6a of chapter 12.

Monika Gurung

68 Points Posted on 05 April 2018

for omnibus approval first audit committee should confirm the repeatative transaction. ?

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