2-minute answer
Check listed, unlisted public and private-company thresholds for turnover, capital, borrowings and deposits.
Use this page to
- Understand the calculation or decision rule
- Test inputs and assumptions
- Compare a base case with an alternative scenario
- Verify the result against primary documents before acting
Practical control
Use the tool or guide as a decision aid, then verify the underlying assumption, product term, tax rule or statutory requirement before committing money or filing.
Official / primary sources
Check internal-audit requirement
How This Is Calculated
Every listed company must have internal audit. Unlisted public companies must have it if paid-up capital is ₹50 crore or more, turnover is ₹200 crore or more, outstanding borrowings exceed ₹100 crore, or outstanding deposits are ₹25 crore or more — private companies have their own separate, generally higher threshold set.
Frequently Asked Questions
Evidence and verification checklist
- Confirm the current, in-force text governing Internal Audit Applicability Checker — Section 138 on the official source linked above - the summary on this page is an implementation aid, not a substitute for it.
- Record the exact event/transaction date, since the applicable version of the law, form or threshold can change between the date of the underlying event and today.
- Preserve the primary documents (notices, applications, orders, acknowledgements) that would let a reviewer reconstruct how the facts were classified and what was actually done.
- Check for a State-specific rule, later amendment or binding judicial decision that may modify how this applies on your facts.
Before relying on this page
This page is a structured implementation summary, not the operative legal text. Portal or process acceptance of a filing does not by itself establish legal compliance - the underlying classification, authority, evidence and timeline still have to be independently correct. Where the facts are contested, high-value, or time-barred if delayed, verify the current position with the official source and, where appropriate, a qualified professional before acting.