Status of Audit Committee in Accordance With Sebi’s Lodr 2015 Regulations: A Case Study of Banking and Housing Finance Sector Companies

Authors

  • Meenu Maheshwari Department of Commerce and Management, University of Kota, Kota

DOI:

https://doi.org/10.33516/maj.v53i12.101-107p

Abstract

The main aim of this paper is to know the status of audit committee in banking and finance sector companies in regard to SEBI’s Listing Obligations, 2015. The study includes four Banking and Housing Sector Companies viz.: HDFC Bank, ICICI Bank, SBI and HDFC for the years 2014-15, 2015-16, and 2016-17. The study shows that all sampled companies set up audit committee as SEBI’s Regulations 2015. All banks except SBI have independent director as chairman and comply minimum requirements of ID in audit committee during the study period. It is suggested that SBI should appoint ID members in audit Committee to make independent audit committee and to fulfil the requirements of SEBI Regulations 2015.

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Published

2018-12-01

How to Cite

Maheshwari, M. (2018). Status of Audit Committee in Accordance With Sebi’s Lodr 2015 Regulations: A Case Study of Banking and Housing Finance Sector Companies. The Management Accountant Journal, 53(12), 101–107. https://doi.org/10.33516/maj.v53i12.101-107p

Issue

Volume 53, Issue 12, December 2018

Section

Banking
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