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Query on applicability of caro

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Querist : Anonymous

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Querist : Anonymous (Querist)
05 August 2015 Sir, If a company has a paid up capital of Rs.40 LAkhs and reserve and surplus of rs 25 lakh, then whether exemption of small company w.r.t caro is applicable to it or would it be liable for caro reporting as a private company.
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Bhaskaran Chackrapani Warrier

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Bhaskaran Chackrapani Warrier (Expert)
06 August 2015 Exception not applicable since violated clause 2(v) (1st condition) of CARO, 2015. Therefore,CARO reporting is mandatory.

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