Section 177 Companies Act 2013 requires the AUDIT COMMITTEE for every:

1. Section 177(1) Companies Act 2013 requires constitution of an Audit Committee for: every listed PUBLIC company; and such other class or classes of companies as may be prescribed. 2. Rule 6 Companies (Meetings of Board and its Powers) Rules 2014 prescribes additional categories: every public company having (a) paid-up capital ≥ Rs 10 crore; or (b) turnover ≥ Rs 100 crore; or (c) aggregate outstanding loans / borrowings / debentures / deposits > Rs 50 crore. 3. Audit Committee composition: minimum 3 directors with majority INDEPENDENT directors (under SEBI LODR; Section 177 specifies majority independent for listed). 4. Functions (Section 177(4)): recommend appointment, remuneration of auditors; review and monitor independence of auditors; examine financial statements; etc. 5. Hence option B is correct. _Source: Companies Act 2013 (Act 18 of 2013), Govt. of India MCA — Companies Act 2013, Section 177; Companies (Meetings of Board and its Powers) Rules 2014, Rule 6_