Auditguru Auditguru Frequently Asked Questions(FAQ) Auditguru Auditguru
 Meet Us Here
AnkitAnkit asked 12 months ago

Sir, Normally we require min 3 (2/3rd IDs) in ‘Composition’ of Audit Comittee under SEBI(LODR) 
MY QUERY: This Ques says when Chairman is NED then there should be “ONLY 1/3rd” as IDs, this is correct right?

1 Answers
RaviRavi Staff answered 12 months ago

as per LODR
1/3rd of board should be independent director
If Chairperson is Non Executive Director 
1/2 of board should be independent director
If Chairperson is Executive Director
If Chairperson in NED but promoter or related to promoter or holds management position at BOD or 1 level below BOD
If company has issued superior right equity shares

Call Back Request