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Non Holding of meeting of audit committe

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ddd
31 Points Posted on 11 June 2021
if listed company has not hold its audit committee meeting for first quarter what are the consequences ?
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On 11 June 2021 at 23:05 Report
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Chartered Accountant
24588 Points Posted on 12 June 2021
If audit committee conditions are fulfilled then it should be fulfilled otherwise consequences shall happen
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On 12 June 2021 at 10:01
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ddd
31 Points Posted on 12 June 2021
Dear i am asking what are the consequences or penalty?
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On 12 June 2021 at 10:25
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Chartered Accountant
24588 Points Posted on 12 June 2021
In case of non holding of meeting of audit committee then the auditor might qualify the opinion of audit report by stating the reasons
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On 12 June 2021 at 12:24
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delhi
720 Points Posted on 14 June 2021
Penalty would be 5000 per day till the default make good.
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On 14 June 2021 at 01:40
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ddd
31 Points Posted on 14 June 2021
In which section provision has given ?
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On 14 June 2021 at 08:16
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Chartered Accountant
24588 Points Posted on 24 July 2021
You should refer section 177 of companies act
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On 24 July 2021 at 10:22

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