LIMITS APPLICABLE FOR PUBLIC LIMITED AND PRIVATE LIMITED COMPANIIES UNDER COMPANIES ACT 2013

LIMITS APPLICABLE FOR PUBLIC LIMITED AND PRIVATE LIMITED COMPANIES UNDER COMPANIES ACT 2013

S No.ParticularsSection/Rule ReferenceRequirements  and LimitsRemarks
1XBRL·         All Listed Companies

·         Subsidiaries of the listed companies

·         Paid-up Share Capital of Rs.5 Crores or more

·         Turnover of Rs.100 Crores

Both public and Private Ltd Companies
2CARO·         Listed companies

·         Public Limited Companies

Public

Private

·         Paid-up capital and reserves exceeding Rs.50 Lakhs (or)

·         Turnover exceeding Rs.5 crores (or)

·         Outstanding loans exceeding Rs.25 Lakhs

3Cash Flow StatementSection 2(40)Except

·         Small Company

·         One  person Company

·         Dormant Company

All Companies
4KMP203(1)v  Every Listed Company

v  Other unlisted companies having a Paid-up share capital of Rs. 10 crores or more may have a

·         Managing Director Or Chief Executive Officer Or in the absence of them a  Manager

·   Company Secretary

·   Chief Financial Officer

All Public Limited Companies
5Company Secretary203(1)Paid-Up Share Capital of Rs.5 Crores or more shall have aWhole-Time Company SecretaryBoth public and Private Ltd Companies
6Independent Director149(4)v  Every Listed Company —At least 1/3 of Directors.

v  Others—At least 2 directors

·         Paid-up share capital is Rs.10 crores or more (or)

·         Turnover is Rs.100 crores or more (or)

·         Outstanding loans, debentures exceeding 50 crores.

All Public Limited Companies
7Women Director149(1)v  Every Listed Company —1

v  Other unlisted companies having a

·         Paid-up share capital is Rs.100 crores or more (or)

·         Turnover is Rs.300 crores or more

All Public Limited Companies
8Internal Audit138(1)v  Every Listed Company

v  Other unlisted public companies having a

·         Paid-up capital is RS.50 crores or more (or)

·         Turnover of Rs.200 crores or more (or)

·         Loans or Borrowings of Rs.100 crores or more (or)

·         Outstanding deposits of Rs.25 crores or more (or)

Public Limited Companies
·         Turnover of Rs.200 more (or)

·         Outstanding loans or borrowings of Rs.100 crores or more

Private Limited Companies
9Secretarial Audit204(1)v  Every Listed Company

v  Other unlisted public company having a

§  Paid-up share capital of Rs.500 crores or    more (or)

§  Turnover of Rs.250 crores or more

All Public Limited Companies
10Nomination and Remuneration Committee177(1)v  Every Listed Company

v  Other unlisted companies having a

·         Paid-up share capital is Rs.10 crores or more (or)

·         Turnover is Rs.100 crores or more (or)

·         Outstanding loans of Rs.50 crores or more.

All Public Limited Companies
11Audit Committee177(1)v  Every Listed Company

v  Other unlisted companies having a

·         Paid-up share capital is Rs.10 crores or more (or)

·         Turnover is Rs.100 crores or more (or)

·         Outstanding loans, debentures exceeding 50 crores.

All Public Limited Companies
12Stakeholders Relationship CommitteeEvery company having more than 1000 shareholders, debenture holders, deposit holdersBoth public and Private Ltd Companies
13Corporate Social Responsibility Committee135·         Net Worth of Rs.500 crores or more (or)

·         Turnover of Rs.100 0crores or more (or)

·         Net Profit of Rs.5 crore or more

Both public and Private Ltd Companies
14Annual Return Certificate92 (1)v  Every Listed Company

v  Other unlisted companies having a

·         Paid-up share capital of Rs.10 crores or more (or)

·         Turnover of Rs.50 crores or more

All Public Limited Companies
15Signing of Annual; Return92 (1)·         All Listed Companies

·         All Public Companies

Public Limited Companies
·         Paid-up Capital Exceeding Rs.50 Lakhs

·         Turnover exceeding Rs.2 Crores

Private Limited Companies
16Vigil Mechanism177(9)·         All Listed Companies

·         Companies accepting deposits from public

·         Companies which had borrowed from Public Financial institutions and Banks exceeding Rs.50 Crores

Both public and Private Ltd Companies
17Rotation of Auditor139(2)·         Listed Companies

·         Other public limited companies having a

Paid-up Share Capital of Rs.10 Crores or more

Public Limited Companies
·         Paid-up Share Capital of Rs.20 Crores or morePrivate Limited Companies
18Related Party Transaction188·         Sale, Purchase or supply of any goods or materials (or)Exceeding 10% of Turnover or Rs.100 Crores, whichever is lowerSpecial Resolution is required – applicable to both public limited companies and private limited companies
·         Selling or otherwise disposing(or)Exceeding 10% of Net WorthAs above
·         Leasing of property of any kindExceeding 10% of Net Worth or Turnover of Rs.100 Crores, whichever is lower.As\ above
·         Availing or rendering of any servicesExceeding 10% of Net Worth or Turnover of Rs.50 Crores, whichever is lower.As above
·         Appointment to any office or place of profit or its subsidiary companyMonthly Remuneration exceeding Rs.2.5 LakhsAs above
·        Remuneration for underwriting of subscriptionExceeding 1% of Net WorthAs above

 

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