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MCA notifies CARO 2016


MCA notifies CARO 2016 PFA the attachment for details

CARO 2003 and additional reporting under new Companies Act


ANNOUNCEMENT ON CARO 2003 AND ADDITIONAL REPORTING UNDER THE COMPANIES ACT 2013 We are receiving queries from the members regarding applicability of CARO 2003 along with Auditors Report on financial statements of companies for the financial year 2014 15 The Ministry of Corporate Affairs MCA is worki

Highlights of the Companies Bill


Highlights of the Companies Bill as passed by the Lok Sabha on 18 12 12 and by the Rajya Sabha on 08 08 13 The Bill has 470 clauses as against 658 Sections in the existing Companies Act 1956 The entire bill has been divided into 29 chapters Many new chapters have been introduced viz Registered Value

Highlights of the Companies Bill, 2011


Highlights of the Companies Bill 2011 as passed in Lok Sabha on 18 12 12 1 The Bill has 470 clauses as against 658 Sections in the existing Companies Act 1956 2 The entire bill has been divided into 29 chapters 3 Many new chapters have been introduced viz Registered Valuers ch 17 Government companie

Clarifications in respect of new serivces and amendments to existing services after enactment of Finance Bill 2011


Clarifications on new services specified in clauses zzzzv and zzzzw of section 65 105 of the Finance Act 1994 and amendments to existing clauses of same section LETTER D O F NO 334 3 2011 TRU DATED 25 4 2011 The new services specified in clauses zzzzv and zzzzw of section 65 105 of the Finance Act 1

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Experts Opinions

Applicability of caro


The assessee is a private limited company The following are the details Sales turnover Rs 9 crores Sum of Paid up share capital Reserves Rs 1 5 crore Borrowings Rs 50 lakhs Is CARO applicable to the company

memory techniques to remember ca final professional ethics all clauses


memory techniques to remember professional ethics clauses

Applicable of caro


For a software Private company which does not require reporting under caro Should we really mention that in the independent auditors report that caro is not applicable and leave it there or should we still go ahead and provide the an annexure on caro

CARO


For a software Private company which does not require reporting under caro Should we really mention that in the independent auditors report that caro is not applicable and leave it there or should we still go ahead and provide the an annexure on caro

CARO 2016


CARO 2016 is applicable for nov 2016 ipc examinations

Discussion

Caro

Whether caro2016 is applicable for Nov 16

Caro 2016

exemption to private company whether societies borrowings covered under borrowing from banks and financial institution whether bank guarantee covers for the limit of 1 crore thanks in adv

Mnemonic to remember 16 clauses of caro 2016, sequentially.

Caro 2016

whether CARO 2016 is applicable if loans are taken from related parties and unsecured creditors

Reporting of undisputed statutory dues in caro

If a company does not deduct the Provident fund on salary wages of temporary employees though as per PF provisions it is liable to deduct the same The company does not deposit the emplyee as well as emplyer contributions of such employess and therefore the above are not appearing as payable in the b

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File Download

  • Easy Way to learn all 16 points of CARO 2016

    As new CARO 2016 has been issued which has increased the reporting requirements for the Statutory Auditor as against CARO 2015 In CARO 2016 there are total 16 points as against CARO 2015 which contains 12 points The Biggest issue for students to learn all these points in sequence which is difficult task and I have tried to make it simpler to learn
  • CARO 2016 CA Final Nov 16 Exam

    File contain summary with imp question asked in past ca final along with on new concept introduce in caro 2016
  • CARO- 2016

    CARO 2016 With CARO 2015 Compression Chart
  • CARO 2016 VS CARO 2015

    There is difference and new updation in caro 2016 as compared to caro 2015
  • CARO Comparison

    CARO 2016

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Articles

Comparison of CARO reporting as per Companies Act, 2013 and Proposed Caro (2016)


Comparison of CARO reporting as per Companies Act 2013 and Proposed Caro 2016 The Ministry had set up a Committee on 16th September 2015 to examine and recommend matter for inclusion in the statement to be attached with Auditors Report under Section 143 11 of the Companies Act 2013 for the financial


Recent changes in CARO 2016


The Ministry of Corporate Affairs has notified the Companies Auditors Report Order 2016 CARO 2016 vide its Notification no S O 1228 E dated 29th March 2016 This Order supersedes the Companies Auditors Report Order 2015 dated 10th April 2015 and shall be applicable for the financial year commencing o


CARO 2015: A Student's Guide


Section 143 11 of the Companies Act 2013 states that the Central Government may order for the inclusion of a statement on specified matters in the Auditors Report for specified class or description of companies Hence CARO 2015 has been issued by the Central Government as additional matters to be com


CARO 2015 - in short


CARO 2015 Applicability Applies to all companies including foreign companies Except It is not applicable to Insurance co banking co charitable organizations one person Company private company with equity of not more than 50lacs loan not exceeding 25lacs sales not exceeding 5crores Matters to be cove


Practical Application of CARO, 2015 (through FAQs)


The Ministry of Corporate Affairs on 10th April 2015 notified the Companies Auditors Report Order 2015 CARO 2015 The text of the Order is available on the following URL http www mca gov in Ministry pdf Companies Auditors Report Order 2015 pdf The governing law for CARO 2015 is the Companies Act 201


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Updated on : 8/28/2016 2:00:28 AM


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