Question ID :
Applicability of CARO in FY 2017-18
Whether CARO is applicable to following Co.?
1. Turnover: Rs 28.08 Crore
2. Paid up share plus Reserve: Rs 23.03 crore
3. Borrowing: NIL
Answer ID :
CA. GHOSH SAMRAT
Sep 13, 2018
Companies Act, 2013
Pvt ltd cos are exempted from applicability of CARO 2016 if paid up capital plus reserve is less than 1 cr, borrowing is less than 1 cr and turnover is less than 10cr.
In your case it caro should be applicable even in case it is a pvt ltd company
Deepak Gupta on
Sep 22, 2018