Applicability of caro 2004

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mitesh parikh (Querist)
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08 November 2012 a company fall under the criteria of caro for F.Y. 2009,10,11 , but do not fulfill ANY criteria in the F.Y. 2011 - 2012

is caro applicable lifetime ??

or not applicable in F.Y. 2011-12 ??

Selvakumar Selvaraj

Selvakumar Selvaraj (Expert)
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08 November 2012 Dear Mitesh Parikh

If conditions for non-applicability fulfilled by the company, then that particular year CARO Reporting is not necessary. The Audit report has to mention this fact.

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mitesh parikh

mitesh parikh (Querist)
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09 November 2012 thank you sir..