{"id":88128,"date":"2022-02-10T06:15:02","date_gmt":"2022-02-10T06:15:02","guid":{"rendered":"https:\/\/www.gkseries.com\/blog\/?p=88128"},"modified":"2022-02-10T06:15:03","modified_gmt":"2022-02-10T06:15:03","slug":"sebi-directs-amcs-to-set-up-audit-committee-with-minimum-three-directors","status":"publish","type":"post","link":"https:\/\/www.gkseries.com\/blog\/sebi-directs-amcs-to-set-up-audit-committee-with-minimum-three-directors\/","title":{"rendered":"SEBI directs AMCs to set up audit committee with minimum three directors"},"content":{"rendered":"\n<p>Market regulator&nbsp;Sebi&nbsp;has directed the mutual fund (MF) industry to set up an audit committee at the asset management company (AMC) level. Currently, such a committee is set up by the trustee of a fund house.<\/p>\n\n\n\n<p>The committee shall be responsible for oversight of the financial reporting process, compliance to laws and regulations. The audit committee will require a&nbsp;<strong>minimum of three directors<\/strong>&nbsp;and&nbsp;<strong>at least two-third of them shall be independent directors of the AMC.<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Market regulator&nbsp;Sebi&nbsp;has directed the mutual fund (MF) industry to set up an audit committee at the asset management company (AMC) level. Currently, such a committee is set up by the trustee of a fund house. The committee shall be responsible for oversight of the financial reporting process, compliance to laws and regulations. The audit committee [&hellip;]<\/p>\n","protected":false},"author":894,"featured_media":88129,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[3043],"tags":[1409],"class_list":["post-88128","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-current-affairs-february-2022","tag-sebi-current-affairs"],"_links":{"self":[{"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/posts\/88128","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/users\/894"}],"replies":[{"embeddable":true,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/comments?post=88128"}],"version-history":[{"count":1,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/posts\/88128\/revisions"}],"predecessor-version":[{"id":88130,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/posts\/88128\/revisions\/88130"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/media\/88129"}],"wp:attachment":[{"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/media?parent=88128"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/categories?post=88128"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/tags?post=88128"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}