State the situations under which a company is required to constitute the Audit Committee?

Section 177(1) of the Companies Act, 2013 read with Rule 6 of the Companies (Meeting of the Board and its Powers) Rules, 2014 , provides that the Board of directors of the following companies are required to constitute an Audit Committee of the Board - Every listed public companies; All public companies with a paid up share capital of ₹10 crore rupees or more; All public companies having turnover of ₹100 crore rupees or more; All public companies, having in aggregate, outstanding loans or borrowings or debentures or deposits exceeding ₹50 crore rupees or more. 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 purpose.