13.1.9- Companies (Appointment and Remuneration of Managerial Personnel) Rules,2014

9. Secretarial Audit Report.-

(1) For the purposes of sub-section (1) of section 204, the other class of companies shall be as under-

(a)  every public company having a paid-up share capital of fifty crore rupees or more; or

(b)  every public company having a turnover of two hundred fifty crore rupees or more.  

For the purposes of this sub-rule, it is hereby clarified that the paid up share capital, turnover, or outstanding loans or borrowings as the case may be, existing on the last date of latest audited financial statement shall be taken into account.

(2) The format of the Secretarial Audit Report shall be in