alleryStart learning →What must all audit committee members be under Regulation 18(1)(c)?
AChartered accountants
BFinancially literate
CRetired judges
DPromoter nominees
Answer & Solution
Correct answer: B. Financially literate
All members must be financially literate and at least one must have accounting or related financial management expertise.
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Related questions
SEBI combines which three powers in one body?Which authority regulated the market before SEBI existed?SEBI was first set up in 1988 as what kind of body?Regulation 21(4) says the risk committee's role must specifically cover:The risk committee's quorum must include at least one:Maximum gap between two Risk Management Committee meetings is:The Risk Management Committee meets at least how often under Regulation 21(3A)?Risk Management Committee under Regulation 21(2) needs at least how many members?