compliances companies act 2013 levels
TRANSCRIPT
AN ATTEMPT TO REVIEW THE COMPLIANCE REQUIREMENT OF COMPANIES UNDER THE COMPANIES ACT 2013Applicability
Cri
teri
a
Exemptions Provided Paid-up Capital (Rs Crores) Turnover (Rs Crore) Borrowings/Deposits NP
(Type of Companies) ≤ > ≥ ≥ ≥ ≥ ≥ ≥ ≤ > ≥ ≥ ≥ ≥ ≥ ≥ > ≥ ≥ ≥ ≥
S.No. ParticularsApplicable
Section Applicable Rule(s) Public Private Listed 1 2 3 4 5 0.5 0.5 5 10 25 50 100 500 2 5 50 100 200 250 300 1000 0.25 25 50 100 5
1Certification ofAnnual Return by PCS (Form MGT 8)
92(1)Rule 11 of The Companies
(Management and Administration) Rules
As per criteriaany one
Y Y Y Y Y Y Y Y Y Y Y
2 Signing of AR by PCS 92(1)Rule 11 of The Companies
(Management and Administration) Rules
Appl. Appl. Appl. NA
OP
C
Smal
l Y Y Y Y Y Y Y Y Y Y Y Y Y Y Y Y Y Y Y Y Y
3 Audit Committee 177(1)Rule 6 of The Companies
(Meetings of Board and itsPowers Rules)
As percriteri a NA Appl.
any one
Y Y Y Y Y Y Y Y Y Y (a) (a)
4Nomination & Remuneration Committee
178(1)Rule 6 of The Companies
(Meetings of Board and its Powers Rules)
As per criteri a NA Appl.
any one
Sec
8 Y Y Y Y Y Y Y Y Y Y (a) (a)
5
Board Report(Manner in which Formal Evaluation been made)
134(3)(g)As per
criteri a NA Appl.any one
Gov
t.(if
ev
alua
ted
by
con
cern
ed
Dep
t.) Y Y Y Y
6 CARO 143(11)Rule 11 of The Companies (Audit and Auditors) Rules Appl.
As per criteri a Appl.
any one
Ban
king
Insu
ranc
e
Sec
8
OP
C
Smal
l Y! Y! Y! Y! Y! Y! Y! Y Y Y Y Y Y Y (b) (b) (b) (b)
7 Cash Flow 2(40) Appl. Appl. Appl. NA
OP
C
Smal
l
Dor
man
t
Y Y Y Y Y Y Y Y Y Y Y Y Y Y Y Y Y Y Y Y
8 CSR 135(1)
The Companies(Corporate Social
Responsibility Policy) Rules
As per criteri a
any one
Y* Y Y
9 E Form Records 120Rule 27, 28, 29 of The
Companies (Management and Administration) Rules
As per criteria@ Appl.any one
10 Independent Director 149(4)Rule 4 of The Companies
(Appointment and Qualification of Directors)
As per criteri a NA Appl.
any one
Y Y Y Y Y Y Y Y Y Y (.c) (.c)
11 Internal Audit 138(1)Rule 13 of The Companies
(Accounts) RulesAs per critera Appl.
any one
Y** Y** Y** Y Y Y Y (e) (e) (d),(e)
12KMP-MD or CEO or Manager (and in their absence WTD)
203(1)
Rule 8 of The Companies(Appointment and Remuneration of
Managerial Personnel)
As per criteri a NA Appl.
any one
Gov
t. Y Y Y Y Y
13 KMP-Chief Financial O 203(1)As percriteri
a
NA Appl.any one
Y Y Y Y Y
14 KMP-Company Secreta 203(1)
Rule 8A of The Companies (Appointment and Remuneration of
Managerial Personnel)
As per criteria Appl.any one Se
c. 8 Y Y Y Y Y Y
15 Rotation of Auditors 139(2)Rule 6 of The Companies
(Audit And Auditors) Rules
As per criteria Appl.any one O
PC
Smal
l
Y!! (f) (f)
16 Secretarial Audit 204(1)
Rule 9 of The Companies(Appointment and Remuneration of
Managerial Personnel)
As per criteri
aNA Appl.
any one
Y Y Y Y Y Y
17 SmAppl. Co. 2(85) NAAs percriteri
a
NA Appl.
H/S
ub
Sec.
8
Spl.
Act
Y Y
18 Vigil Mechanism 177(9)Rule 7 of The Companies
(Meetings of Board and itsPowers Rules)
As per criteria Appl.any one
(b) (b)
19 Woman Director 149(4)Rule 3 of The Companies
(Appointment and Qualification of Directors)
As per criteri
aNA Appl.
any one
Y Y Y Y
20 XBRL As per criteria Appl.any one
Ban
king
Insu
ranc
e
Pow
er
NB
FC Y Y Y Y Y Y Y Y Y Y Y
Notes: 1. [How to USE: Find your Co. Type Under ;"!" Means Paid-up + Reserves, '!!' means Unlisted Public Co ≥ 10 Crores and Pvt Co. ≥20 Crores, '*' means Net Worth, '**' means
Unlisted Public Co., '@' means Co. having shareholders, debenture holders and other security holders ≥1000, 'Y'
means YES, 'Appl.' means Applicablity to, 'NA' means Not Applicable, 'As per criteria' means check under 'Criteria', 'NP' means Net Profit.
Notes: 2 Abbreviation used(a) Outstanding Loans or Borrowings or Debentures or Deposits(b) borrowings from Bank and Public FI and which accepts public deposits(c.) outstanding
loans,debentures and deposits(d) outstanding loans or borrowing fro
m Bank or FI (e) outstanding deposit (public co only)(f) Public Borrowing from FI, Banks or public Deposits