03.Public Vs Private Ltd Companies.docx

7 40 securities in public offer to be listed in stock

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7 40 Securities in Public Offer to be listed in Stock exchanges Not Applicable Securities offered in Public Offer, to be listed in Recognized Stock Exchanges 8 67 Purchase / Loan for Purchase of Own Shares Not allowed to Purchase its own Shares Not allowed to Purchase its own Shares; No Financial assistance to be given to purchase its own shares 9 73 Acceptance of Deposits Not allowed to accept deposit Allowed if Paid up share capital is Rs. 100 Crore or more OR
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Turnover of Rs. 500 Crore or more 10 103 Quorum of Meetings Two members personally present Five in case of Members up to 1000; Fifteen in case of Members more than 1000 & up to 5000; Thirty in case of Members exceed 5000. 11 138 Internal Audit Applicable in case of: 1. Turnover >= Rs. 200 Crore in preceding financial year, OR 2. Loans from bank or NBFCs >= Rs. 100 Crore in preceding financial year Applicable in case of: 1. Paid Up Capital >= Rs. 50 Crore in the preceding financial year. OR 2. Turnover >= Rs. 200 Crore in preceding financial year. OR 3. Loans from bank or NBFCs >= Rs. 100 Crore in preceding financial year. OR 4. Public Deposit >= Rs. 25 Crore in preceding financial year 12 134 (3)(p) Annual Evaluation in the Board’s Report
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