Audit committee

The company who falls under any of the categories, it shall be required to appoint Audit Committed.

1. Every Listed Public Company or 
2. the Public Companies having paid up share capital of ten crore rupees or more; or
3. the Public Companies having turnover of one hundred crore rupees or more; or
4. the Public Companies which have, in aggregate, outstanding loans, debentures and    deposits, exceeding fifty crore rupees

In view of the above, even if one conditions is satisfied, the company is required to appoint audit committee.