New NABARD Workshop - Last 4 year trend. March 5 at 5 PM. Register here

    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.

    Practice Next