Question ID :
44707
CARO Applicability
A private Limited company is having paid up capital Rs Rs 4.92 cr and Reserves and surplus negative i.e.(-5) cr . Borrowing from banks is Rs 0.53 cr and Revenue is 1 cr . So kindly guide whether CARO is applicable.
Posted by
samirkumar gokulbhai kasvala
on
Aug 10, 2024
Filed Under
AUDIT
Since none of the conditions for CARO 2020 applicability are met, CARO 2020 is not applicable to this company based on the provided financial details.
Posted by
CA. SURAJ KUMAR CHOUDHARY on
Aug 12, 2024