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.

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.