Various Ceiling Limits under Companies Act 2013
Mohan Kumar
Companies Act 2013 has prescribed different limits for many provisions. In this article, we have tried to compile most of the "Limits" mentioned under the Companies Act 2013.
In case if this article misses out any limit , you may kindly write to - needa...@gmail.com and I shall be much obliged & add it in this article.
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What is the "Ceiling Limit" for :
Independent Director
Women Director...
Vigil mechanism
Audit committee
Internal auditor... & other matters...
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Please read...
http://corporatelaws.blogspot.in/2014/05/limits-under-companies-act-2013.html
Lily Bali
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K. Sankara Subramanian
Mohan Kumar
Friends,
A small piece of information was missing in my previous communication on Limits under Companies Act , which I give below :
Rotation of auditors:
Compulsory rotation: All Listed Companies
Fully excluded: OPC...
As regards Public & Private Companies, following Companies alone need to compulsorily rotate auditors ....
(a) all unlisted public companies having paid up share capital of rupees ten crore or more;
(b) all private limited companies having paid up share capital of rupees twenty crore or more;
(c) all companies having paid up share capital of below threshold limit mentioned in (a) and (b) above, but having
public borrowings from financial institutions, banks or public deposits of rupees fifty crores or more.