Vimlesh Kalal KalalVimlesh Kalal Kalal asked 2 years ago
1 Answers
Auditaudit Staff answered 1 year ago

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 purposes of this rule.
For Sec 177 Applicability of Audit Committee we have to see all amounts outstanding as on last years audited balance sheet / financial statements.

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