Question

In accordance with Section 177 of the Companies Act, 2013, the Audit Committee constituted by a listed company shall consist of a minimum of directors, and shall form a majority.

Q: Answer-In accordance with Section 177 of the Companies Act, 2013, the Audit Committee constituted by a list...

Section 177 of the Companies Act, 2013 - Audit Committee 1 The Board of Directors of every listed public company and such other class or classes of companies, as may be prescribed, shall constitute an Audit Committee. 2 The Audit Committee shall consist of a minimum of three directors with independent directors forming a majority Provided that majority of members of Audit Committee including its Chairperson shall be persons with ability to read and understand, the financial statement.