Re constitution of audit committee-casual vacancy

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Should the Audit Committee of  an unlisted public Company be reconstituted while appointing a director in casual vacancy? The person in whose place the incumbent will be appointed was a member of the Audit Committe. Currently the committee comprises of 3 directors, the minimum number of directors required to be present under the Act.  

Replies (1)

So long as requirements of Section 292A are met, there is no need to reconstitute the Committee.

 


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