Is there any difference between role of audit committee as per clause 49 and functions of audit committee as per section 177 to the companies act 2013..? I found many similar points so can i prepare a common answer for both the questions?

Questions › Category: CA-Final Corporate Governance › Is there any difference between role of audit committee as per clause 49 and functions of audit committee as per section 177 to the companies act 2013..? I found many similar points so can i prepare a common answer for both the questions?

0 Vote Up Vote Down

Ram Lahoti asked 6 years ago

Is there any difference between role of audit committee as per clause 49 and functions of audit committee as per section 177 to the companies act 2013..? I found many similar points so can i prepare a common answer for both the questions?

3 Answers

0 Vote Up Vote Down

Ravi Staff answered 6 years ago

Clause 49 is not applicable now. It is LODR which is applicable, role as per LODR is in great detail around 21 points, we have created short chart and memory technique for the same, please use it. Yes it will be fine if you use role as given in LODR, Corporate Governance Chapter

0 Vote Up Vote Down

Ram Lahoti answered 6 years ago

Sir can you provide the link to role as per lodr..in the mat which you provided for May18 I couldn’t find.

0 Vote Up Vote Down

Ravi Staff answered 6 years ago

Please this see link
https://drive.google.com/file/d/1Am_MiSguPG-5dWNwIa4vkbxePNnVnyk1/view?usp=sharing