Extensible business reporting language applicable on following set of companies who have either one of following :-
a) All companies Listed with any Stock Exchange's in India.
b) Subsidiaries of any Company Listed with any Stock
Exchange's in India.
c) All companies having paid up Capital of Rs. 5 Crore (five
crore)and above.
d) All companies havingTurnover of Rupees 100 Crore (one
hundred crore) and above.
a) Banking Companies
b) Insurance Companies
c) Power Companies
d) Non-Banking Financial Companies
CARO
Companies Audit Report Order applicable on the following set of Companies which have either one of the following:-
It shall apply to Every Company Including A Foreign Company
as defined in clause (42) of Section 2 of the Companies Act, 2013 except some
companies.
(i) A Banking
Company(ii) An Insurance Company as defined under the
(iii) A
Company Licensed to operate under Section 8 of the Companies Act;
(iv) A One Person Company
(v) A Small Company
(vi) A Private Limited Company with;
A Paid Up Capital and Reserves not more than Rs. 50 lac
and which does not have loan outstanding exceeding Rs. 25 Lac
from any bank or -Financial Institution and does not have a turnover exceeding
Rs. 5 Crore at any point of time during the financial year.
CASH FLOW STATEMENT
CFS or CASH FLOW STATEMENT applicable on the following set of Companies :-
As per sub-section 40 of section 2 of Companies Act,2013
As per Definition of Section 2(40)
All Companies Except Given In Next Column required to
prepare the Cash Flow Statement.
a) One Person Company
b)Small company
c) Dormant company.
Applicable on following set of required companies :-
As per Provisions of Section 92 of Companies Act, 2013 read
with sub rule 2 of Rule 11 Chapter VII, Companies (Management and
Administration) Rules, 2014.
a)All Listed Companies
b)All PUBLIC
Companies
c) A Private Limited
Company having:
Paid up
share Capital Exceeding 50 lac;
or
·Turnover
exceeding 2 Crore
Applicable on following:-
As per Provisions of Section 92 of Companies Act, 2013 read
with sub rule 2 of Rule 11 Chapter VII, Companies (Management and
Administration) Rules, 2014.
a) All Lsited Companies
b) Every
Company having;
Either Paid-Up
share capital of 10 Crore (Ten Crore) rupees or more
or
Either Turnover of
50 Crore (fifty Crore) rupees or more.
INTERNAL AUDITOR
Required in following Set of companies :-
As per Provisions of Section 138 of Companies Act, 2013 read
with sub rule 1 of Rule 13 Chapter IX, Companies (Accounts) Rules, 2014.
a) All Listed
Companies
b) Every unlisted
PUBLICcompany having:
Either Paid Up
Share capital of 50 Crore (Fifty crore) rupees or more during the preceding
financial year
Either Turnover of
200 Crore (two hundred crore) rupees or more during the preceding financial
year
Either Outstanding
loans or borrowings from banks or public financial institutions exceeding 100
Crore (one hundred Crore) rupees or more at any point of time during the
preceding financial year; or
Either Outstanding
Deposits of25 Crore (twenty five crore) crore rupees or more at any point of
time during the preceding financial year;
and
c) Every Private Company having;
Either Turnover of
200 Crore (two hundred crore) rupees or more during the preceding financial
year
or
Either Outstanding
loans or borrowings from banks or public financial institutions exceeding 100
Crore (one hundred crore) rupees or more at any point of time during the
preceding financial year; or
Every Public Company
having:· Paid up share Capital below
Rs. 50 Crore
COMPANY SECRETARY IN EMPLOYMENT
CS or Company Secretary reuired in following set of Companies :-
As per Provisions of Section 203 of Companies Act, 2013 read
with Rule 8A Chapter XIII, Companies (Appointment and Remuneration of
Managerial Personnel) Rules, 2014.
a) All Listed Companies
b) Every
other company having a paid-up share capital of Rs. 5 Crore (Five crore rupees)
or more.SECRETARIAL AUDIT REQUIREMENT
Secretarial Audit as per section 204 of Cos Act 2013 applicable on following set of Companies :-
As per Provisions of sub section ‘1’ of Section 204 of
Companies Act, 2013:
As per Provisions of Section 204 of Companies Act, 2013 read
with Rule 9 Chapter XIII, Companies (Appointment and Remuneration of Managerial
Personnel) Rules, 2014.
a) All Listed
Companies
b) Every Public
Company having;
EITHER Paid-Up
Share Capital of Rs. 50 Crore (fifty crore rupees) or more;
or
Either Every Public
Company having a Turnover of Rs. 250 Crore (two hundred fifty crore rupees) or
more
INDEPENDENT DIRECTOR APPOINTMENT
ID or Independent Director required to be appointed in following set of companies which comes under the preview of following :-
As per Provisions of Section 149 of Companies Act, 2013 read
with Rule 4 Chapter XI, Companies (Appointment and Qualification of Directors)
Rules, 2014:
a) All Listed
Companies
b) The Public Companies having Paid Up Share capital ofRs.
10 Crore (ten crore rupees) or more (AT LEAST 2 (TWO) INDEPENDENT DIRECTOR)
c) The Public Companies
having Turnover of Rs. 100 Crore (one hundred crore rupees) or more (AT LEAST 2
(TWO) INDEPENDENT DIRECTOR)
d) The Public Companies which have, in aggregate,
outstanding loans, debentures and deposits, exceeding Rs. 50 Crore (fifty Crore
rupees).
Managing Director or Whole Time director Appointment
Following apply :-
As per Provisions of Section 203 of Companies Act, 2013 read
with Rule 8 Chapter XIII, Companies (Appointment and Remuneration of Managerial
Personnel) Rules, 2014:
a) All Listed
Companies
b) Every Public
Company having a Paid-Up Share Capital of Rs. 10 Crore (Ten crore rupees) or
more.
c) Companies which
do not fall in above limits can also appoint MD and WTD by following the
procedure given under Section 196 of Companies Act, 2013.
As per Provisions of Section 203 of Companies Act, 2013 read
with Rule 8 Chapter XIII, Companies (Appointment and Remuneration of Managerial
Personnel) Rules, 2014:
a) All Listed
Companies
b) Every Public
Company having Paid-Up Share Capital of Rs. 10 Crore (Five crore rupees) or
more.
c) Every Private
Limited Company having Paid-Up Share Capital of Rs. 5 Crore (five crore rupees)
or more required to appoint Company Secretary and designate as Key Managerial
Personnel.
Auditor committee required to be formed for following set of Companies :-
As per Provisions of Section 177 of Companies Act, 2013 read
with Rule 6 Chapter XII, Companies (Meetings of Board and its Powers) Rules,
2014:
a) All Listed
Companies
b) Every Public Companyhaving
Paid-Up Share Capital of Rs. 10 Crore (Ten crore rupees) or more.
c) The Public
Companies having Turnover of Rs. 100 Crore (one hundred crore rupees) or more
(AT LEAST 2 (TWO) INDEPENDENT DIRECTOR)
d) The Public
Companies which have, in aggregate, outstanding loans, debentures and deposits,
exceeding Rs. 50 Crore (fifty Crore rupees).
Nominee Committee
Nominee Committee required to be formed for following set of Companies :-
As per Provisions of Section 177 of Companies Act, 2013 read
with Rule 6 Chapter XII,Companies (Meetings of Board and its Powers) Rules,
2014:
a) All Listed
Companies
b) Every Public
Company having Paid-Up Share Capital of Rs. 10 Crore (Ten Crore rupees) or
more.
c) The Public
Companies having Turnover of Rs. 100 Crore (one hundred crore rupees) or more
(AT LEAST 2 (TWO) INDEPENDENT DIRECTOR)
d) The
Public Companies which have, in aggregate, outstanding loans, debentures and
deposits, exceeding Rs. 50 Crore (fifty Crore rupees).Women Director
As per Provisions of Section 149 of Companies Act, 2013 read
with Rule 3 Chapter XI,Companies (Appointment and Qualification of Directors)
Rules, 2014:
a) All Listed
Companies
b) Every Public
Company having a Paid-Up Share Capital of Rs. 100 Crore (One Hundred crore
rupees) or more; or
c) Every Public
Company having a Turnover of Rs. 300 Crore (Three Hundred Crore rupees) or more.
VIGIL MACHANISM
As per Provisions of Section 177 of Companies Act, 2013 read
with Rule 7 Chapter XII, Companies (Meetings of Board and its Powers) Rules, 2014:
a) All Listed
Companies
b) The Company which
accept deposits from the public;
c) The companies
which have borrowed money from banks and public financial institutions in
excess of Rs. 50 crore (Rupees Fifty Crore only).
As per Provisions of Section 135 of Companies Act, 2013 read
with Rule 3 Chapter XI,Companies (Appointment and Qualification of Directors)
Rules, 2014:
a) Every company
having net worth of rupees 500 Crore (five hundred crore) or more;
b) Every company
having turnover of rupees 1000 crore (one thousand crore) or more;
c) Every company
having net profit of rupees 5 crore (five Crore) or more.
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