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Audit committee aplicability

Auditing

In the icai charts for public deposits or borrowings >50 cr they mentioned but while explaining they said 50cr or more. See the image of icai book. Even in indigo learn notes they mentioned > 50cr. Which one to follow

HARISH NANDURI

CA Inter

★ 510

24-Nov-20 10:14

317

Answers (6)

It simply means 50 snd above where 50 is inclusive in the limits

Sajan Gangadharan

CA Final

★ 9K+

24-Nov-20 11:24

It has to be as below the Public Companies which have, in aggregate, outstanding loans, debentures and deposits, exceeding fifty crore rupees So it is >50 crores and not 50 crores or more.