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Resolution for Constitution of Audit Committee


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(To be obtained on pre-printed corporate letterhead)

 

CERTIFIED TRUE COPY OF THE RESOLUTION PASSED BY THE BOARD OF DIRECTORS OF ——————PRIVATE LIMITED HELD ON ————- AT THE REGISTERED OFFICE OF THE COMPANY AT ——– A. M. /P.M

“RESOLVED that Shri B, Shri P and Shri G, Directors do constitute Audit Committee of the Board.”

“RESOLVED FURTHER that the aforesaid committee be and is hereby authorised to supervise, guide and review the accounting and financial statements, the internal control systems, suggest improvements/changes in financial and accounting policies and practices of the company, ensuring compliance with accounting standards, compliance with stock exchange and legal requirements concerning financial statements as also recommending appointment and removal of external auditor. ”RESOLVED FURTHER that the members of the committee shall elect a Chairman from amongst themselves. ”RESOLVED FURTHER that Shri K, the Company Secretary of the company shall act as Secretary of the Committee.”