Audit committee - an overview

Thanks Neha Ji for Noticing.....

Corrigendum to the Provisons...

(B) Meeting of Audit Committee

The audit committee should meet at least four times in a year and not more than four months shall elapse between two meetings. The quorum shall be either two members or one third of the members of the audit committee whichever is greater, but there should be a minimum of two independent members present.

II Audit Committee.

A. Qualified and Independent Audit Committee

A qualified and independent audit committee shall be set up and shall comply with the following:

(i)  The audit committee shall have minimum three directors as members. Two-thirds of the members of audit committee shall be independent directors.

Amended Article Attached....Apologies to all for the mistake.

Audit Committee - An Overview

Thanks Harini for your comments. Never underestimate yourself, everybody have their own ideas. Yes your point is good Audit Committee shall consist of more financial experts. And everybody is open to discuss any doubts here, as all of us will gain through discussion.

Regards.