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      Question

      As per the Companies Act how many directors, at a

      minimum, should the Audit Committee consist of?
      A One Correct Answer Incorrect Answer
      B Two Correct Answer Incorrect Answer
      C Three Correct Answer Incorrect Answer
      D Four Correct Answer Incorrect Answer
      E Five Correct Answer Incorrect Answer

      Solution

      Section 177. 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.

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