1.

Small Co

S. 2(85)

N.A.

N.A.

• Paid-up Sh Cap NOT > ₹50 Lakh, AND
• Turnover as per P & L of immediately preceding FY NOT> ₹ 2 crores

2.

OPC to be converted into a Private/Public Co (mandatory)

R. 6(1) of Co (Inc) Rules

N.A.

N.A.

• Paid-up Sh Cap > 
  ₹ 50 Lakhs, AND
• Turnover for the relevant period > ₹ 2 crores;

Such OPC has to be converted within 6 months to either Pvt/Public Co

3.

Conversion of a Private Co (other than a S. 8 Co) into OPC (conditions to be satisfied)

R. 7(1) of Co (Inc) Rules

N.A.

N.A.

• Paid-up Sh Cap ≤ 
  ₹ 50 lakh OR
• Average Annual turnover during the relevant period of 
  ₹ 2 crores

Such Co may convert itself into OPC

4.

Annual return to be certified by a CS in practice

S. 92(2)

R. 11(2) of Co (MGT) Rules

Yes

Paid-up Sh Cap > ₹ 10 crore, OR

Turnover > ₹ 50 crore

5.

File FS in XBRL (except NBFC, HFC, Banking Co, Insurance Co)

R. 3(1) of Co (XBRL) Rules

Yes

• If Subsidiaries of Cos listed with SE in India
• Paid-up Sh Cap ≥ ₹ 5 crore OR
• Turnover ≥ ₹ 100 crore OR
• Cos required to prepare their FS as per Ind AS

6.

Corporate Social Responsibility

S. 135(1)

R. 13(1) of Co (CSR) Rules

Networth> ₹ 500 crores OR

Turnover >₹ 1000 crores OR

Net Profit > ₹ 5 crores

during immediately preceding FY

7.

Internal Audit

S. 138(1)

R. 13(1) of Co (Accounts) Rules

Yes

• Paid-up Sh Cap >₹ 50 crores, OR
• Turnover >₹ 200 crores, OR
• Outstanding loans/borrowings from banks/PFIs>₹100 crore at any point of time, OR
• Outstanding deposits >₹25 crore at any point of time

during preceding FY

• Turnover >₹ 200 crores, OR,
• Outstanding loans/borrowings from banks/PFIs >₹100 crore, at any point of time

during preceding FY

8.

Rotation of Auditor

S. 139(2)

R. 5 of Co (Audit) Rules

Yes

• Paid-up Sh Cap >₹10 crore

• Paid-up Sh Cap >₹ 50 crore,

• Cos having paid up Sh Cap below the aforesaid threshold, but having Public borrowings from FIs, banks or public deposits > ₹ 50crore

9.

Woman Director

S. 149(1)

R. 3 of Co (DIR) Rules

Yes

• Paid-up ShCap≥ ₹100 crore OR
• Turnover ≥ ₹ 300 crore

N.A.

10.

Independent Directors

S. 149(4)

R. 4 of Co (DIR) Rules

Every Listed Public Co: For ID, composition and other details of AC and NRC, please refer to XI.(5) (A) & (B) above

Unlisted Public Co having:

• Paid-up Sh Cap ≥ ₹10 crore, OR
• Turnover ≥ ₹100 crore, OR
• Outstanding loans, debentures and deposits ≥ ₹ 50 crore

Not applicable to: JV, WOS, Dormant Co

For ID, composition and other details of AC and NRC, please refer to XI.(5) (A) & (B) above

N.A.

Audit Committee

S. 177(1)

R. 6 of Co (BM) Rules

Nomination & Remuneration Committee

S. 178(1)

11.

Stakeholders Relationship Committee

S. 178(5)

> 1000 SH, debenture-holders, deposit-holders and any other security holders at any time during a FY

12.

Vigil Mechanism

S. 177(9)

R. 7 of Co (BM) Rules

Yes

• Accepting deposits from public, OR,
• Has borrowed money from banks and PFIs > ₹ 50 crores

13.

Related Party Transactions requiring prior (Ordinary) resolution (at GM)

S. 188(1)

R. 15(3)of Co (BM) Rules

Limits for one or more transactions in a FY

Sale, purchase or supply of any goods or materials directly or through appointment of agents [S. 188(1)(a), (e)]

≥10% of the turnover OR ₹100 crore, whichever is lower

Selling or otherwise disposing of, or buying, property of any kind directly or through appointment of agents [S. 188(1)(b), (e)]

≥ 10% of net worth OR ₹100 crore, whichever is lower

Leasing of property of any kind [S. 188(1)(c)]

≥ 0% of net worth or turnover OR

₹ 100 crore, whichever is lower

Availing or rendering of any services directly or through appointment of agents [S. 188(1)(d), (e)]

≥ 10% of the turnover OR

₹ 50 crore, whichever is lower

Appointment to any office or place of profit in the Co, its Sub Co or Asct Co [S. 188(1)(f)]

> ₹ 2.50 lakh per month

Remuneration for underwriting the subscription of any securities or derivatives thereof of the Co [S. 188(1)(g)]

> 1% of net worth

14.

Appointment of whole-time KMP (MD/CEO/WTD, CFO, CS)

S. 203;

R. 8 of Co (MR) Rules

Yes

• Paid-up ShCap ≥₹ 10 crore

N.A.

15.

Appointment of whole-time CS

S. 203

R. 8A of Co (MR) Rules

Covered above

A Co other than covered above, having

• Paid-up ShCap ≥ ₹ 5 crore

16.

Secretarial Audit

S. 204(1)

R. 9 of Co (MR) Rules

Yes

• Paid-up Share Capital ≥₹ 50 crores, or
• Turnover ≥₹ 200 crores

N.A.