Audit committee in government company

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Aegon Stark

10 Points Joined July 2019

is a government company required to constitute an audit committee?if so, what are their duties with respect to appointment of auditor since auditors are generally appointed by CAG in govt company

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Guest

Section 177 of Companies Act 2013 And Regulation 18 of SEBI (LODR) Regulation 2015 mandates every listed company to constitute an Audit Committee.
Hence in your case if govt. company is listed on a stock exchange then is required to constitute an Audit Commitee.