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    Question

    What is the minimum frequency with which the Audit

    Committee of a listed company must review compliance as per the SEBI (Prohibition of Insider Trading) Regulations and verify the effectiveness of internal control systems?
    A Quarterly Correct Answer Incorrect Answer
    B Biannually Correct Answer Incorrect Answer
    C Annually Correct Answer Incorrect Answer
    D Every two years Correct Answer Incorrect Answer
    E Monthly Correct Answer Incorrect Answer

    Solution

    Regulation 9A Institutional Mechanism for Prevention of Insider trading (4) The Audit Committee of a listed  company or other  analogous body for  intermediary or fiduciary shall  review compliance with the provisions of  these  regulations at least once  in a financial year and shall verify that the systems for internal control are adequate and are operating effectively.

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