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sec 177 audit committee
that audit committee approval is required for amt not exceeding 1 cr by director what is the case for amt exceeding 1cr
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As per section 177, read with rule 6 of Companies (Meeting of Board and Power) Rules, 2014, every listed public Company and every public Company having paid up capital of 10 crore or more or turnover of 100 crore or more shall form the Audit committee.
As per section 177, read with rule 6 of Companies (Meeting of Board and Power) Rules, 2014, every listed public Company and every public Company having paid up capital of 10 crore or more or turnover of 100 crore or more shall form the Audit committee.
Refer Section 177 of the Companies Act 2013
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