Compliance Triggers

Explore the key events triggering compliance requirements for Private Limited, Public Limited, and other Companies.

Particulars	Section/ Notification/Circular/Amendments	Applicability
Cash Flow Statement	Section 2(40)	Every company shall prepare a Cash Flow Statement along with its Balance Sheet & Statement of Profit & Loss. However, the following companies may be exempted from including the Cash Flow Statement: One Person Company Small Company Dormant Company
Certification of Annual Return by a Company Secretary (MGT-8)	Section 92 read with Rule 11(2) of Companies (Management and Administration) Rules, 2014	This certification is required for the following companies: Every Listed Company Companies with Paid-up share capital of ₹10 crore or more Companies with Turnover of ₹50 crore or more
Disclosure in Board’s Report for Evaluation of Board & Directors	Section 134 read with Rule 8(4) of the Companies (Accounts) Rules, 2014	This disclosure is applicable for: Listed Companies Public Companies with paid-up share capital of ₹25 crore or more at the end of the preceding financial year
Internal Auditor	Section 138(1) read with Rule 13(1) Companies (Accounts) Rules, 2014	The requirement for an internal auditor applies to: Listed Companies Unlisted public companies with paid-up share capital of ₹50 crore or more Companies with Turnover of ₹200 crore or more Private companies with Turnover of ₹200 crore or borrowings over ₹100 crore
Reporting of Internal Financial Control in Auditor's Report	Section 143(3)	This provision is applicable to all companies except: Private Companies that are One Person Companies Small Companies Companies with turnover less than ₹50 crore and borrowings less than ₹25 crore
Whole Time Company Secretary	Section 203(1) read with rule 8(A) of Companies Appointment and Remuneration of Managerial Personnel Rules, 2014	Applies to: Companies with paid-up share capital of ₹10 crore or more
Secretarial Audit	Section 204(1)	Secretarial Audit is applicable to: Listed companies Public companies with Paid-up Share Capital of ₹50 crore or more Public companies with Turnover of ₹250 crore or more Companies with outstanding loans of ₹100 crore or more
Independent Director	Section 149(4)	This provision applies to: Listed Companies Public Companies with paid-up share capital of ₹10 crore or turnover of ₹100 crore Public companies with loans/debts exceeding ₹50 crore
Rotation of Auditor	Section 139(2)	Rotation of auditors applies to: Listed Companies Public Companies with paid-up share capital of ₹10 crore or more Private Companies with paid-up capital of ₹50 crore or more Companies with public borrowings of ₹50 crore or more
Audit Committee, Nomination & Remuneration Committee (NRC)	Section 177(1), Section 178(1)	Applicable to: Listed Companies Public Companies with paid-up capital of ₹10 crore or turnover of ₹100 crore Companies with loans/debts exceeding ₹50 crore
Women Director	Section 149(1)	Applies to: Listed Companies Public Companies with paid-up share capital of ₹100 crore or turnover of ₹300 crore
Vigil Mechanism	Section 177(9)	Applicable to: Listed Companies Companies accepting deposits from public Companies with borrowings exceeding ₹50 crore
Corporate Social Responsibility Committee (CSR)	Section 135(1)	Applies to companies with: Net worth of ₹500 crore or more Turnover of ₹1000 crore or more Net profit of ₹5 crore or more in the preceding financial year
XBRL (Extensible Business Reporting)	Section 137	Applies to the following companies: Listed Companies Companies with paid-up capital of ₹5 crore or more Companies with Turnover of ₹100 crore or more
CARO 2020	Companies (Auditor’s Report) Order, 2020	This applies to all companies except: Banking companies Insurance companies Section 8 companies OPC & Small Companies