|
1 |
Small company |
S.2(85) |
|
N.A. |
N.A. |
N.A. |
|
2 |
OPC |
|
R.6(1) |
N.A. |
Paid-up SH. Cap > ₹ 50 Lakh AND Avg Three year turnover of > ₹ 2 crores; to be converted within six months to either Pvt or Public Company |
Paid-up SH. Cap > ₹ 50 Lakh AND Avg Three year turnover of > ₹ 2 crores; to be converted within six months to either Pvt or Public Company |
|
3 |
Conversion of a private company into OPC |
|
R.7(1) |
N.A. |
N.A. |
Paid-up SH. Cap < ₹ 50 lakh OR Avg Annual turnover of
< ₹ 2 crores |
|
4 |
Annual return to be certified by a CS in practice |
S.92(2) |
R.11(2) |
Yes |
Paid-up Sh Cap > ₹ 10 crore, OR
Turnover > ₹ 50 crore or more |
|
5 |
Corporate Social Responsibility |
S.135(1) |
R. 13(1) |
Networth > ₹ 500 crores OR Turnover > ₹ 1000 crores OR Net Profit > ₹ 5 crores in any financial year. Note: CI. (v) of GC 21 / 2014 dtd. 18th June, 2014 provides that "Any financial year" referred under Section 135(1) of the Act read with Rule 3(2) of Companies CSR Rules 2014 implies 'any of the 3 preceding financial years'
|
|
6 |
Internal Audit |
S.138(1) |
R.13(1) |
Yes |
- Paid-up Share Capital > ₹ 50 crores, or - Turnover > ₹ 200 crores, or
- Outstanding loans/ borrowings from banks/ public financial institutions > ₹ 100 crores at any point of time, or
- Outstanding deposits > ₹ 25 crores at any point of time
|
- Turnover > ₹ 200 crores, or, - Outstanding loans/ borrowings from banks/ public financial institutions > ₹ 100 crores, at any point of time
|
|
7 |
Rotation of Auditor |
S.139(2) |
R.5 |
Yes |
- Paid-up Share Capital > ₹ 10 crores, or, - Public borrowings from financial institutions, banks or public deposits > ₹ 50 crores.
|
- Paid-up Share Capital > ₹ 20 crores, or, - Public borrowings from financial institutions, banks or public deposits > ₹ 50 crores.
|
|
8 |
Woman Director |
S.149(1) |
R.3 |
Yes |
– Paid-up Sh Cap > ₹ 100 crores or – Turnover > ₹ 300 crores
|
N.A. |
|
9 |
Independent Directors |
S.149(4) |
R.4 |
At least 1/3rd of total number of directors to be Inde-pendent |
At least 2 directors to be Independent where: - Paid-up Share Capital > ₹ 10 crores, or,
- Turnover > ₹ 100 crores, or,
- Outstanding loans, debentures and deposits > ₹ 50 crores
|
N.A. |
|
10 |
Auditors Committee, Nomination & Remuneration Committee |
S.177(1), 178(1) |
R.6 |
Yes |
- Paid-up Share Capital > ₹ 10 crores, or, - Turnover > ₹ 100 crores, or,
- Outstanding loans, borrowings, debentures or deposits > ₹ 50 crores.
|
N.A. |
|
11 |
Stakeholders Relationship Committee |
S.178(5) |
|
> 1000 shareholders, debenture-holders, deposit-holders and any other security holders at any time during a financial year |
|
12 |
Vigil Mechanism |
S.177(9) |
R.7 |
Yes |
- Accepting deposits from public, or, - Borrowed money from banks and public financial institutions > ₹ 50 crores.
|
- Accepting deposits from public, or, - Borrowed money from banks and public financial institutions
> ₹ 50 crores.
|
|
13 |
Related Party Transactions requiring prior ordinary resolution |
S.188(1) |
R.15(3) |
Limits for one or more transactions in a financial year
Lower of –
₹ 100 crores or the following |
|
Sale, purchase or supply of any goods or materials directly or through appointment of agents |
> 10% of the annual turnover |
|
Selling or otherwise disposing of, or buying, property of any kind directly or through appointment of agents |
> 10% of net worth |
|
Leasing of property of any kind |
> 10% of net worth or turnover |
|
Availing or rendering of any services directly or through appointment of agents |
> 10% of of the turnover OR ₹ 50 crores, whichever is lower |
|
Appointment to any office or place of profit in the company, its subsidiary company or associate company |
> ₹ 2.50 lakhs per month |
|
Remuneration for underwriting the subscription of any securities or derivatives thereof of the company |
> 1% of net worth |
|
14 |
Appointment of whole-time Key Managerial Personnel MD / CEO / WTD, CFO, CS
|
S.203; |
R.8 |
Yes |
Paid-up Share Capital > ₹ 10 crores |
N.A. |
|
15 |
Appointment of whole-time CS |
S.203 |
R.8A |
Covered above |
Paid-up Share Capital > ₹ 10 crores |
Paid-up Share Capital > ₹ 5 crores |
|
16 |
Secretarial Audit |
S.204(1) |
R.9 |
Yes |
Paid-up Share Capital > ₹ 50 crores, or Turnover > 200 ₹ crores
|
N.A. |
