With the scenarios described below, examine whether any of the following companies is required to constitute Audit Committee as per provisions of the Companies Act, 2013 ? Name of Company Paid up capital (Rs. in crore) T

Section 177 of the Companies Act, 2013 read with Rule 6 of the Companies (Meetings of the Board and its Powers) Rules, 2014 provides that the Board of directors of following companies are required to constitute an Audit Committee of the Board: Every listed company; All public companies with paid up capital of ₹10 crore or more; or All public companies having turnover of ₹100 crore or more; or All public companies, having in aggregate outstanding loans, debentures and deposits exceeding ₹50 crore or more In view of the above provisions, it can be suggested that: A Ltd. is required to constitute Audit Committee as it has aggregate outstanding loans, deposit and debenture of ₹55 crore (in excess of ₹50 crore). B Ltd. is required to constitute Audit Committee as it is a listed company. C Pvt. Ltd. is not required to constitute Audit Committee as it is a private company. D Ltd. is required to constitute Audit Committee as it has a paid up capital of ₹10 crore.