Which Of The Following Report Included Clause 49 In The Listing Agreement

There are rules and standards that expand the role of the audit committee in publicly traded companies and advise them to establish a mandatory mechanism for whistleblowers to reduce unfair business practices and protect the interests of minority stakeholders. At least four meetings in one year are organized by the audit committee, with the maximum interval between two meetings not exceeding 120 days. The quorum consists of either two or two or even two members of the Committee, who must be higher, but at least two independent directors must be present. The term “clause 49” refers to clause 49 of the listing agreement between a company and the exchanges on which it is listed (the listing agreement is the same for all Indian exchanges, including the NSE and the BSE). This clause is a recent addition to the Listing Agreement and was not inserted until 2000 following the recommendations of the Kumarmangalam Birla Committee on Corporate Governance, established in 1999 by the Securities Exchange Board of India (SEBI). For good corporate governance, the company should provide all the necessary information. It is also management`s responsibility to be exposed to all the key issues that all parties involved think they know. Stakeholders such as creditors and clients cannot participate in meetings, so disclosure is only a means of obtaining information. (b) of all companies that have been required to meet the requirement of the proposed Clause 49 for review, i.e.

all listed companies with a freed capital of 3 crores or more or a net asset of 25 kronor or more at any time in the company`s history. Companies are required to meet the requirements of the clause on March 31, 2004 or before March 31, 2004. The main non-binding provisions are: the audit committee is a committee of the board of directors responsible for overseeing the accounting process, selecting an independent auditor, and receiving audit results from internal and external auditors. The committee assists the Board of Directors in implementing its corporate governance and in controlling responsibilities for a company`s internal control system. Corporate governance deals with how a business is governed. It is about promoting fairness, transparency and corporate accountability. Some of the goals of corporate governance are – Transparency and transparency in the way businesses are governed; Defining the responsibility of treatment managers and managers to other stakeholders; Eliminating corporate responsibility; Integrity and probabilities in financial reports, etc.