Write short notes on the following: Which companies are required to constitute a Nomination and Remuneration Committee of the Board?

Section 178(1) of the Companies Act, 2013 read with rule 6 of the Companies (Meetings of the Board and its Powers) Rules, 2014 and Rule 4 of the Companies (Appointment and Qualification of Directors) Rules, 2014, provides that the board of directors of following classes of companies is required to constitute a Nomination and Remuneration Committee of the Board- every listed public companies All public companies with a paid up 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;