as per section-177,
the provision of limits for constituting the audit committee in case of unlisted public companies,
the limit of borrowings is to be checked at the end of the previous financial year or at any point of time in the previous financial year?
please reply please
thankyou
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section-177,audit committee
Replies (2)
As per rule 6 of companies (Meetings of board and its powers) rules 2014 and rule 4 of companies (Appointment and qualification of directora) rules 2014, the paid up share capital, turnover, outstanding loans, as existing on the last date of latest audited financial statements shall be taken into account.
thankyou sir
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