Which company s are required to have Audit Committees ........

Companies Act-Phase (I & II) Directors - powers and appointment

Which company/(s) are required to have Audit Committees:

Every listed companies

Public companies with paid-up capital of Rs. 10 crores or more

Public Companies having turnover of Rs. 100 crores or more

Public companies with outstanding loans exceeding Rs. 50 crores or more

All of the above

As. per section 177 of Companies Act, 2013, the requirement of constitution of Audit Committee has been limited to:

a.Every listed companies

b. Public companies with paid-up capital of Rs. 10 crores or more

c. Public Companies having turnover of Rs. 100 crores or more

d. Public companies with outstanding loans, debentures, deposits exceeding Rs. 50 crores or more

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