Ready reference for applicability of important aspects of Companies Act, 2013

Last updated: 21 January 2018

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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
Appointment of Independent Director	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 Turnover exceed Rs. 100 Crore Or outstanding borrowing exceed Rs. 50 Crore Exemption available to following classes of unlisted public company, namely: (a) a joint venture; (b) a wholly owned subsidiary; and (c) a dormant company
Appointment of Women Director	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 Outstanding borrowing exceed Rs. 50 Crore 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 Turnover exceed Rs. 100 Crore Or Outstanding borrowing exceed Rs. 50 Crore 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