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    Question

    According to the Companies Act, 2013, every listed

    company must constitute an Audit Committee. Which of the following is not a role of this committee?
    A Recommendation for appointment of auditors Correct Answer Incorrect Answer
    B Review of internal controls Correct Answer Incorrect Answer
    C Approval of managerial remuneration Correct Answer Incorrect Answer
    D Examination of financial statements Correct Answer Incorrect Answer

    Solution

    Audit Committee deals with audit, risk, and internal controls, not managerial remuneration, which is the domain of Nomination & Remuneration Committee.

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