Dishonest Limited, a company incorporated in India has six members on its Audit Committee. Due to recessionary conditions in India, the revenue of the company is going down & there is a slowdown in other activities of the company. Therefore, it was expected that there would not be significant work for members of the Audit Committee. Considering the overall recession in the company & the economy, the members of the Committee decided unanimously to meet once a year only on March 31, 2020. They reviewed the monthly information system of the Company & found no errors. As an auditor of Dishonest Limited would you consider the decision taken by the Audit Committee to be in line with the SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015?

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