Audit Committee

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..... ttee shall have minimum three directors as members. (b) At least two-thirds of the members of audit committee shall be independent directors. (c) All members of audit committee shall be financially literate and at least one member shall have accounting or related financial management expertise. Explanation (1): - For the purpose of this regulation, "financially literate" shall mean the .....

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..... s of the shareholders. (e) The company secretary shall act as the secretary to the audit committee. (f) The audit committee, at its discretion, shall invite the director or head of the finance function, head of internal audit and a representative of the statutory auditor and any other such executives to be present at the meetings of the committee: Provided that occasionally, the audit commit .....

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