Companies act 2013 does not say anything about caro 2003
Shriya Oberoy (Miss) (25 Points)
28 January 2015Shriya Oberoy (Miss) (25 Points)
28 January 2015
P C Agrawal
(Registered independent director Past Chairman of Aurangabad Chapter of ICSI Practicing Company Secretary at Aurangabad)
(8224 Points)
Replied 05 February 2015
CARO was issued under 1956 Act. Order u/s 143(11) of the 2013 Act is yet to be issued by the Govt. since National Financial Reporting Authority is yet to be constituted.
Shriya Oberoy
(Miss)
(25 Points)
Replied 17 February 2015
CA Vivekanand Pote
(Service)
(356 Points)
Replied 23 March 2015
There is a confusion on applicability of CARO under New Companies Act. Hope that MCA will come with clarification before end of FY.