LIMITS UNDER COMPANIES ACT 2013

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

S No.	Particulars	Section/Rule Reference	Requirements  and Limits		Remarks
1	XBRL		·         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
2	CARO		·         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
3	Cash Flow Statement	Section 2(40)	Except ·         Small Company ·         One  person Company ·         Dormant Company		All Companies
4	KMP	203(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
5	Company Secretary	203(1)	Paid-Up Share Capital of Rs.5 Crores or more shall have a Whole-Time Company Secretary		Both public and Private Ltd Companies
6	Independent Director	149(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
7	Women Director	149(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
8	Internal Audit	138(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
9	Secretarial Audit	204(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
10	Nomination and Remuneration Committee	177(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
11	Audit Committee	177(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
12	Stakeholders Relationship Committee		Every company having more than 1000 shareholders, debenture holders, deposit holders		Both public and Private Ltd Companies
13	Corporate Social Responsibility Committee	135	·         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
14	Annual Return Certificate	92 (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
15	Signing of Annual; Return	92 (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
16	Vigil Mechanism	177(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
17	Rotation of Auditor	139(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 more		Private Limited Companies
18	Related Party Transaction	188	·         Sale, Purchase or supply of any goods or materials (or)	Exceeding 10% of Turnover or Rs.100 Crores, whichever is lower	Special Resolution is required – applicable to both public limited companies and private limited companies
			·         Selling or otherwise disposing(or)	Exceeding 10% of Net Worth	As above
			·         Leasing of property of any kind	Exceeding 10% of Net Worth or Turnover of Rs.100 Crores, whichever is lower.	As\ above
			·         Availing or rendering of any services	Exceeding 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 company	Monthly Remuneration exceeding Rs.2.5 Lakhs	As above
			·         Remuneration for underwriting of subscription	Exceeding 1% of Net Worth	As above