An audit committee is required to be constituted by the

Solution

Section 177. Audit Committee- (1) The Board of Directors of   every listed public company and such other class or classes of companies, as may be prescribed, shall constitute an Audit Committee, Companies (Meetings of Board and its Powers) Rules,2014: The Board of directors of every listed public company and a company covered under rule 4 of the Companies (Appointment and Qualification of Directors) Rules, 2014 shall constitute an ‘Audit Committee’ and a ‘Nomination and Remuneration Committee of the Board.