We give below some of the important trigger points under Companies Act, 2013 for quick reference:
|
Matter |
Sec. |
Rules |
Applicable to whom |
Applicable when |
|
Appointment of whole time CS |
203 & 2(51) |
R.8A of Ch -13 |
All Cos. |
Paid up share capital exceed Rs. 5 Crore |
|
Appointment of KMP |
203 & 2(51) |
R.8A of Ch -13 |
Listed Co. |
Mandatory w.e.f. 01.04.2014 |
|
Unlisted Pub.Co. |
Paid up share capital exceed Rs. 10 Crore |
|||
|
149 |
R. 4 of Ch- 11 |
Listed Co. |
Mandatory w.e.f. 01.04.2014 |
|
|
Unlisted Pub. Co. |
Paid up share capital exceed Rs. 10 Crore Or Exemption available to following classes of unlisted public company, namely: (a) a joint venture; |
|||
|
149 |
R. 4 of Ch- 11 |
Listed Co. |
Mandatory w.e.f. 01.04.2014 |
|
|
Unlisted Pub. Co. |
Paid up share capital exceed Rs. 100 Crore Or Turnover exceed Rs. 300 Crore |
|||
|
Audit Committee |
177 |
R. 6 of Ch- 12 |
Listed Co. |
Mandatory w.e.f. 01.04.2014 |
|
Unlisted Pub. Co. |
Paid up share capital exceed Rs. 10 Crore Or Turnover exceed Rs. 100 Crore Or Exemption to Public Cos who are not required to appoint Independent Director |
|||
|
Nomination & Remuneration Committee |
178 |
R. 6 of Ch- 12 |
Listed Co. |
Mandatory w.e.f. 01.04.2014 |
|
Unlisted Pub. Co. |
Paid up share capital exceed Rs. 10 Crore Or Exemption to Public Cos who are not required to appoint Independent Director |
|||
|
CSR Committee |
135 |
---- |
All Cos |
Net worth exceed Rs. 500 CroreOr Turnover exceed Rs. 1000 Crore Or Net profit in any F.Y. exceed Rs. 5 Crore |
|
Stakeholders Relationship Committee |
178 |
---- |
All Cos |
More than 1000 shareholders, debenture holders, deposit holders or any security holders |
|
Whistle blower policy/ Vigil Mechanism |
177 |
R. 7 of Ch-12 |
Listed Co. |
Mandatory w.e.f. 01.04.2014 |
|
Others- Pvt. & Pub. Cos |
Co. Accepting deposit or Borrowing exceeds Rs. 50 Crore |
|||
|
Internal Audit |
138 |
R. 13 of Ch -9 |
Listed Co. |
Mandatory w.e.f. 01.04.2014 |
|
Unlisted Pub. Co. |
Paid up share capital exceed Rs. 50 Crore Or Turnover exceed Rs. 200 Crore Or Outstanding borrowing exceed Rs. 100 Crore Or Outstanding deposit exceed Rs. 25 Crore |
|||
|
Pvt. Co. |
Turnover exceed Rs. 200 Crore Or Outstanding borrowing exceed Rs. 100 Crore |
|||
|
Secretarial Audit |
204 |
R. 9 of Ch- 13 |
Listed Co. |
Mandatory w.e.f. 01.04.2014 |
|
Unlisted Pub. Co. |
Paid up share capital exceed Rs.50 Crore Or Turnover exceed Rs. 250 Crore |
The author can also be reached at csamisheth@gmail.com
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