Various Committees and provisions under Companies Act, 2013

1. CSR Committee (Section 135 of Companies Act 2013)

Every company having the following criteria shall contribute in every financial year, at least two per cent. Of the average net profits of the company made during the three immediately preceding financial years

Net Worth: Rs. 500 Crores Turnover: Rs. 1000 Crores Profits: Rs. 5 Crores

2. Audit Committee (Section 177 of Companies Act 2013)

Every public company having the following criteria shall constitute an audit committee .The paid up share capital or turnover or outstanding loans, or borrowings or debentures or deposits, as the case may be, as existing on the date of last audited Financial Statements shall be taken into account for the purpose

Paid up Capital: Rs. 10 Crores Turnover: Rs. 100 Crores O/s Loans: Rs. 50 Crores

To know more about Various Committees and provisions under Companies Act, 2013 check:- https://lexcomply.com/blog/provisions-under-companies-act-2013/