Directors of Secure Ltd. are of the opinion that section 138 of the Companies Act, 2013 regarding appointment of internal auditor is not applicable to them. State the provisions of the section regarding requirement for a

Section 138 recommends that following class of companies shall be required to appoint an internal auditor: every listed company; every unlisted public company having- paid up share capital of fifty crore rupees or more during the preceding financial year; or turnover of two hundred crore rupees or more during the preceding financial year; or outstanding loans or borrowings from banks or public financial institutions exceeding one hundred crore rupees or more at any point of time during the preceding financial year; or outstanding deposits of twenty five crore rupees or more at any point of time during the preceding financial year; and every private company having- turnover of two hundred crore rupees or more during the preceding financial year; or outstanding loans or borrowings from banks or public financial institutions exceeding one hundred crore rupees or more at any point of time during the preceding financial year.