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Question ID : 35861

Applicability of CARO

Whethet CARO is applicable to the following Pvt Ltd Co? 1. Paid up capital & reserve: Rs 1.19 Crore 2. Loan : Rs 43 Laks 3. Turnover : Rs 7.22 Crore

Posted by CA. GHOSH SAMRAT on Oct 29, 2018

Filed Under Companies Act, 2013

Answer ID : 75002

The turnover has crossed the exceptional limit as in clause 2(v) , hence CARO,2016 is applicable to the said company.

Posted by B.CHACKRAPANI WARRIER on Nov 08, 2018