Compliance Checklist for Private Company

Venky Rathi Contact +91-8802239807 Section Applicability Requirement92 – Annual Return Company having paid-up share capital of Rs 10 crore or more OR Turnover of Rs. 50 crore or more Needs to obtain a certificate from Practicing Company Secretary135 – Corporate Social i. Net worth 500 Crore or more Shall contribute at 135 – Corporate Social Responsibility i. Net worth 500 Crore or more OR ii. Turnover 1000 Crore or more OR iii. Net Profit 5 Crore or more in any financial year Shall contribute at least 2% of average net profits of immediately preceding Three Financial Years. Venky RathiContact +91-8802239807 Section Applicability Requirement138 – Internal Audit i. turnover of 200 crore rupees or more during the preceding financial year; or ii. outstanding loans or borrowings from banks or public financial institutions exceeding 100 crore rupees or more at any point of time during the preceding financial year: Appoint an Internal Auditor139 – Appointment of re – appointment of Auditor Company having paid up share capital of Rs. 20 crore or more OR Having public borrowings from financial institutions, Banks or public deposits of Rs. 50crore or more Such company shall not appoint or re-appoint : - a. An individual as auditor for more than one term of 5 consecutive years b. An audit firm as auditor for more than 2 terms of 5 consecutive years. Venky Rathi Contact +91-8802239807 Section Applicability Requirement184 – Disclosure of Interest by DirectorsNot Applicable to any contract or arrangement, between two companies, where any director of one company together with other director, hold not more than 2% of paid-up share capital of the other company 186 – Loans and Investments by the Company No Company shall directly/indirectly: - give any loan to any person or other body corporate (a) give guarantee/security in connection with loan to any In case the limit of loan or guarantee exceeds the given limits, Company needs to pass connection with loan to any person/body corporate (b) acquire by way of subscription, purchase or otherwise, securities of any body corporate exceeding 60% of paid-up share capital, free reserves and securities premium account OR 100% of free reserves and securities premium account, whichever is more needs to pass Special Resolution in a General meeting Venky Rathi Venky RathiContact +91 -8802239807 Section Applicability Requirement203- Appointment of Company secretaryCompany having Paid-up share capital of Rs 5 Cr or More Needs to appoint a Company Secretary 220- Applicability of XBRL Filing Companies having paid up share capital of Rs. 5 crore or more OR Turnover of Rs. 100 crore or more Required to file their Balance Sheet, Profit & Loss account and other documents in Turnover of Rs. 100 crore or more other documents in XBRL format. Venky Rathi Contact +91-8802239807