Relating to Appointment of Internal Auditor by Specified Companies.
Rule 13 (b)(iii) outstanding loans or borrowings from banks or public financial institutions exceeding one hundred crore rupees or more at any point of time during the preceding financial year;
Comment "It should have been either Exceeding one hundred crore rupees or more
or It should have been "Exceeding One Hundred Crore rupees or more"
Both Words cannot be used simultaneously. Kindly comment if different opinion.
Rules can be downloaded from this link
https://www.mca.gov.in/Ministry/pdf/NCARules_Chapter9.pdf
Refer Page no. 9