RPK Ltd. is an unlisted company having ₹9 crore as paid up capital and ₹52 crore as long term loan. The directors of the company would like to know from you the answers for the following questions: If the company is list
CS Executive · Company Law · PYQS · December 2019
RPK Ltd. is an unlisted company having ₹9 crore as paid up capital and ₹52 crore as long term loan. The directors of the company would like to know from you the answers for the following questions: If the company is listed after a fresh issue of shares to the tune of ₹50 crore, in such a situation, would the company be liable to constitute Audit Committee?
Answer & Explanation:
Yes, the company is liable to constitute an audit committee as it will then become a listed company.
Topics: Company Law
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