As a Company Secretary of the Company, you are asked by the management to provide inputs on Internal Control to be observed by the Audit Committee mandatorily in terms of Regulation 18 of SEBI (Listing Obligations and Di

The audit committee shall mandatorily review the following information: Management discussion and analysis of financial condition and results of operations; Statement of significant related party transactions (as defined by the audit committee), submitted by management; Management letters/letters of internal control weaknesses issued by the statutory auditors; Internal audit reports relating to internal control weaknesses; and The appointment, removal and terms of remuneration of the chief internal auditor shall be subject to review by the audit committee. Statement of deviations: Quarterly statement of deviation(s) including report of monitoring agency, if applicable, submitted to stock exchange(s). Annual statement of funds utilized for purposes other than those stated in the offer document/ prospectus/notice.