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Vishwanath Pattanshetty   13 June 2021

Audit Committees

is it compulsory to have audit committee if private companies having turnover above 100cr or outstanding loans or deposit above 50cr?? THANKS IN ADVANCE 🙂🙂

 5 Replies


Sourav (Student)     13 June 2021

Yes it is mandatory
1 Like
i am Kashif

i am Kashif   14 June 2021

Yes it is mandatory & also require to form remuneration and nomination committee
1 Like
Vishwanath Pattanshetty

Vishwanath Pattanshetty   14 June 2021

But us /177, private company is not mentioned??
i am Kashif

i am Kashif   14 June 2021

Private company is exempt to follow
1 Like

Sourav (Student)     14 June 2021

It is not applicable for private companies
1 Like

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