30 May 2015
No. It is mandatory for 1. Listed Companies 2.Every Public company having paid up share capital of Rs. 50 crore or more during the preceding financial year or turnover(income) of Rs. 200 crore or more during the preceding financial year or outstanding loans or borrowings from banks or public financial institutions exceeding Rs. 100 crore or more at any point of time during the preceding financial year or outstanding deposits of Rs. 25 crore rupees or more at any point of time during the preceding financial year
3. (c) every private company having– (i) turnover of Rs. 200 crore or more during the preceding financial year; or (ii) outstanding loans or borrowings from banks or public financial institutions exceeding Rs. 100 crore or more at any point of time during the preceding financial year
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