Audit committee to approve the appointment of Chief financial officer

Audit committee to approve the appointment of Chief financial officer of appointment of ‘CFO’ by the Audit Committee- (Insertion of Clause 49(II)(D)(12A))

In order to ensure that the CFO has adequate accounting and financial management expertise to review and certify the financial statements as required under Clause 49 of the Listing Agreement, SEBI has been decided that the appointment of the CFO is approved by the Audit Committee before finalization of the same by the management. The Audit Committee, while approving the appointment, shall assess the qualifications, experience & background etc. of the candidate.

Source-Listing Conditions-Amendments to the Equity Listing Agreement-CIR/CFD/DIL/1/2010 www.sebi.gov.in