Company: ZCARW
Filing Date: 2025-06-30
Form Type: 10-K
Source: 0001213900-25-059675
Chunk: 1740

Company: Zoomcar Holdings, Inc.
Filing Date: 2025-06-30
Form: 10-K
Item: Item 5
Chunk 1740
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. The Board may establish other committees as it deems necessary or appropriate
from time to time.

Audit Committee

The Company’s Audit
Committee has been established in accordance with Section 3(a)(58)(A) of the Exchange Act and consists of Evelyn D’An, John Clarke
 and Swatick Majumdar, each of whom is an independent director and is “financially literate” as defined under the Nasdaq
listing standards. Ms. D’An serves as chair of the Audit Committee. The Company’s Board has determined that Ms. D’An
qualifies as an “audit committee financial expert,” as defined under rules and regulations of the SEC.

The primary purpose of the
audit committee is to discharge the responsibilities of the Board with respect to corporate accounting and financial reporting processes,
systems of internal control and financial statement audits, and to oversee Zoomcar’s independent registered public accounting firm.
Specific responsibilities of the audit committee include:

    ●
    helping the Board oversee corporate accounting and financial reporting processes;

    ●
    managing the selection, engagement, qualifications, independence and performance of a qualified firm to serve as the independent registered public accounting firm to audit our consolidated financial statements;

    ●
    discussing the scope and results of the audit with the independent registered public accounting firm, and reviewing, with management and the independent accountants, our interim and year-end operating results;

    ●
    developing procedures for employees to submit concerns anonymously about questionable accounting or audit matters;

    ●
    reviewing related person transactions; obtaining and reviewing a report by the independent registered public accounting firm at least annually that describes our internal quality control procedures, any material issues with such procedures, and any steps taken to deal with such issues when required by applicable law; and

    ●
    approving or as permitted, pre-approving, audit and permissible non-audit services to be performed by the independent registered public accounting firm.

91

Compensation Committee

The Company’s Compensation
Committee consists of Evelyn D’An and John Clarke, each of whom is an independent director under OTCQX’s listing standards,
and Mr. Clarke serves as chair of the Compensation Committee.

The primary purpose of the
compensation committee is to discharge the responsibilities of the Board in overseeing the compensation policies, plans and programs and
to review and determine the compensation to be paid to executive officers, directors and other senior management, as appropriate. Specific
responsibilities of the compensation committee include:

    ●
    reviewing and approving the compensation of