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Applicability of Independent Directors

1. The document outlines various compliance requirements for companies based on criteria like paid up capital, turnover, loans, deposits etc. 2. Exemptions from certain compliance requirements are provided for banking companies, insurance companies, section 8 companies and private limited companies with low paid up capital and turnover. 3. The definitions of associate company and subsidiary company are also provided.

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prasadzinjurde
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16 views4 pages

Applicability of Independent Directors

1. The document outlines various compliance requirements for companies based on criteria like paid up capital, turnover, loans, deposits etc. 2. Exemptions from certain compliance requirements are provided for banking companies, insurance companies, section 8 companies and private limited companies with low paid up capital and turnover. 3. The definitions of associate company and subsidiary company are also provided.

Uploaded by

prasadzinjurde
Copyright
© All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as XLSX, PDF, TXT or read online on Scribd

Listed Public

1. Paid Up : 10 cr or more
Independent
1 Applicable 2. Turn over : 100 cr or More
Director
3. outstanding Loan: 50 cr or more
1. Paid Up : 10 cr or more
2 Audit Committee Applicable 2. Turn over : 100 cr or More
3. outstanding Loan: 50 cr or more
1. Paid Up : 50 cr or more
3 Secretarial Audit Applicable
[Link] over : 250 cr or more
1. Paid Up : 50 cr or more
[Link] over : 200 cr or more
4 Internal Auditor Applicable
3. outstanding Loan: 100 cr or more
4. Deposits : 25 cr or more
1. Paid Up : 100 cr or More
5 Woman Director Applicable
[Link] over : 300 cr or more
[Link] worth 500 cr or more
6 CSR Applicable 2. Turn over : 1000 cr or More
3. Profit 5 cr or more
[Link] Up 5 cr or more
7 XBRL Applicable
2. Turn over 100 cr or more
CARO Applicable Applicable
Exemption to certain category of companies
1 Banking Companies
2 An insurance company
3 section 8 Companies
8
4 Private limited company( All Mandatory)
1 Paid up + FR : 1 cr or Less
2 Outstanding Loan: 1 cr or less
Turnover : not eceeding 10 cr Cr at
3
during FY
9 KMP Applicable Paid up : Rs.10 crore or more
Paid up : Rs.10 crore or more
10 Annual Return Applicable
Turnover : 50 Cr
Paid up : Rs.10 crore or more
11 MGT-8 Applicable
Turnover : 50 Cr

12 Cost Record Applicable Turnover 35 cr or more + CETA

13 Cost Audit Applicable Consult CMA


Paid up cap 5 cr or more
14 XBRL Applicable
Turn over Rs.100 cr or more
15 Cash Flow Stat. Applicable Applicable

Consolidates
16 Applicable IF any ASSOCIATE, J.V. OR SUBSIDIARY IS PRESENT
Financial Statements

17 AOC-1 Applicable IF any ASSOCIATE, J.V. OR SUBSIDIARY IS PRESENT

Certification of Paid up cap 10 cr or more


Annual Return by a Turn over Rs.50 cr or more
18 Applicable
Company Secretary
in practice

Signing of Annual
Return by a
19 Applicable Applicable
Company Secretary
in practice

Companies which Paid up cap 5 cr or more


20 shall appoint Applicable
Company Secretary

Managing Director/ Paid up cap 10 cr or more


21 Whole Time Applicable
Director

1. ASSOCIATE COMP: HAVING 20% OR MORE SHARE HOLDING BUT NOT HOLDING OR SUBSIDIARY

2. SUBSIDIARY: HAVING 51% OR MORE SHARE HOLDING OR SUBSTANTIAL CONTROL OVER THE MANAGEMENT OF THE
Private

NA

NA

NA

[Link] over : 200 cr or more


2. outstanding Loan: 100 cr or more

NA

[Link] worth 500 cr or more


2. Turn over : 1000 cr or More
3. Profit 5 cr or more
[Link] Up 5 cr or more
2. Turn over 100 cr or more
Applicable
mpanies

Paid Up 5 cr or more
Paid up : Rs.10 crore or more
Turnover : 50 Cr
Paid up : Rs.10 crore or more
Turnover : 50 Cr

Turnover 35 cr or more + CETA

Consult CMA
Paid up cap 5 cr or more
Turn over Rs.100 cr or more
Applicable other than SMALL
COMPANY, OPC & DORMANT
COMPANY

OR SUBSIDIARY IS PRESENT

OR SUBSIDIARY IS PRESENT
Paid up cap 10 cr or more
Turn over Rs.50 cr or more

Paid up Cap 50 lakh or more


Turn over 2 cr or more

Paid up cap 5 cr or more

Voluntary

DING OR SUBSIDIARY

ONTROL OVER THE MANAGEMENT OF THE

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