Threshold Limits For Companies Act 2013 Compliances

• Sec 92
• Format MGT 8

A. Every Listed Company; or

B. Every Company with a

i. paid up capital of Rs. 10 Crores or more; or

ii. Turnover of Rs. 50 Crores or more.

• Sec 135
• Rule 5 of the Companies (Corporate Social Responsibility) Rules 2014

i. Net worth of Rs. 500 Crores or more; or

ii. Turnover of Rs.1000 Crores or more; or

iii. Net Profit of Rs. 5 Crores or more.

• Sec 137
• Rule 12 of the Companies (Accounts)
  Rules 2014
• Rule 3 of Companies (filing of documents and Forms in XBRL) Rules
  2015

i. Listed Companies and their Indian subsidiaries; or

ii. companies having paid up capital of Rs. 5 Crores or above; or

iii. companies having turnover of Rs.100 Crores or above; or

iv. all companies which are required to prepare their financial statements in accordance with Companies (Indian Accounting Standards) Rules, 2015

• Sec 138
• Rule 13 of The Companies (Accounts)Rules 2014

B. Every Unlisted Co with

i. Paid up capital of Rs. 50 Crores or more during the preceding FY; or

ii. Turnover of Rs.200 Crores or more during the preceding FY; or

iii. Outstanding Loans or borrowings from banks or PFI exceeding Rs. 100 Crores or more at any point of time during the preceding FY; or

iv. Outstanding deposits of Rs. 25 Crores or more at any point of time during the preceding FY

C. Every Private Co with

i. Turnover of Rs. 200 Crores or more during the preceding FY; or

ii. Outstanding loans and borrowings from banks or PFI exceeding Rs. 100 Crores or more at any point of time during the preceding FY

• Sec 139
• Rule 5 of the Companies (Audit and Auditors) rules, 2014

A. an individual as auditor for more than one term of 5 consecutive
years; and

B. an audit firm as auditor for more than 2 terms of 5 consecutive years

i. Every Listed Company

ii. All unlisted public companies having paid up share capital of Rs.10 Crores or more;

iii. All private limited companies having paid up share capital of RS.50 Crores or more;

iv. All companies having paid up share capital of below
threshold limit mentioned in (i) and (ii) above, but having public borrowings from financial institutions, banks or public deposits of Rs.50 Crores or more.

Cooling period: 5years from the completion of the term

• Sec 143
• Rule 1 the Companies (Auditor’s report) Rules 2020

A. A banking co;

B. An insurance Co;

C. A section 8 Co;

D. One-person co;

E. Small co;

F. Private limited

i. which is not a holding or a subsidiary Co of a public co; or

ii. whose paid-up capital and reserves and surplus are not more than Rs. 1 Crore as on balance sheet date; or

iii. which does not have total borrowings exceeding Rs. 1 Crore from any bank or financial institution at any point of time during the financial year; or

iv. which does not have a total revenue of Rs. 10 Crores during the FY

• Sec 148
• Rule 3 of the Companies (Cost Records and Audit) Rules, 2014

1. Table A, which covers regulated sectors dealing with specified goods/services and

i. Overall annual total turnover from all products/services is Rs. 50 Crore or more.

ii. Aggregate turnover from the individual product/service is Rs. 25 Crore or more.

1. Table B which covers non regulated sectors dealing with specified goods/services and

i. Overall annual total turnover from all products/services is Rs.100 Crore or more.

ii. Aggregate turnover from the individual product/service is Rs.35 Crore or more.

 However, companies covered by above rules are exempted from conducting a cost record audit if any of the following situations arise:

1. The company’s export revenue in foreign exchange exceeds 75% of total revenue

2. Company operates from a Special Economic Zone (SEZ)

3. Company is engaged in production of electricity through Captive Generating Plant

• Sec 149
• Rule 4 of the Companies (Appointment & Qualifications of Directors) Rules 2014

B. Every Public Company shall have two Independent Directors for the following classes:

i. Paid up capital of more than Rs. 10 Crores or more; or

ii. Turnover of Rs. 100 Crores or more; or

iii. Aggregate outstanding loans, debentures, deposits, exceeding Rs. 50 Crores.

• Sec 149
• Rule 3 of the Companies (Appointment and Qualifications of Directors) Rules, 2014

i. paid–up share capital of Rs.100 Crores or more; or ii. turnover of Rs.300 Crores or more

• Sec 177
• Rule 6 The Companies (Meetings of Board and its powers) rules 2014
• Rule 4 of the Companies (Appointment & Qualifications of Directors) Rules 2014

B. Every Public Company shall have two Independent Directors for the following classes:

i. Paid up capital of more than Rs. 10 Crores or more; or

ii. Turnover of Rs. 100 Crores or more; or

iii. Aggregate outstanding loans, debentures, deposits, exceeding Rs. 50 Crores.

i. Every Listed Company; or

ii. Companies Which accept deposits; or

iii. Companies which have borrowings from banks/ PFI of Rs. 50 Crores or more.

Shall establish Vigil Mechanism for their directors and employees to report their genuine concerns or grievances

• Sec 178
• Rule 6 The Companies (Meetings of Board and its powers) rules 2014
• Rule 4 of the Companies (Appointment & Qualifications of Directors) Rules 2014

B. Every Public Company shall have two Independent Directors for the following classes:

i. Paid up capital of more than Rs. 10 Crores or more; or

ii. Turnover of Rs. 100 Crores or more; or

iii. Aggregate outstanding loans, debentures, deposits, exceeding Rs. 50 Crores.

• Sec 203
• Rule 8 of the Companies (Appointment and Remuneration of Managerial Personnel) Rules 2014

B. every other public company having a paid-up share capital of Rs.10 Crores or more shall appoint the following Whole time key managerial Personnel:

i. Managing Director or Chief Executive Officer or Manager or in their absence Whole Time Director; and

ii. Chief Financial Officer; and

iii. Company Secretary

• Sec 204
• Rule 9 of the Companies (Appointment and Remuneration of Managerial Personnel) Rules 2014
• Format: MR 3

i. Every Listed Company; or

ii. Every Public Company with a paid-up capital of Rs. 50 Crores or more; or

iii. Every Public Company with a turnover of Rs. 250 Crores or more; or

2. Every Company having an outstanding loans or borrowings from banks/ PFI of Rs. 100 Crores or more