Companies Act, 1973 (Act No. 61 of 1973)

Chapter X: Auditors

Appointment

269B. Minister's powers in respect of audit committees
Purchase cart Previous page Return to chapter overview Next page

 

 

1)The Minister may by publication in the Gazette specify certain categories of companies that are not required to appoint an audit committee in terms of section 269A(1).

 

2)The Minister must be satisfied that little or no benefit would result from the appointment of an audit committee by companies in a category mentioned in subsection (1).