caro clauses

News

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

Caro


Respected sir Mam I just need to confirm whether reporting on16 matters under caro is covered under ipcc syllabus for may 17 exam

Caro


Respected sir Mam I just need to confirm whether reporting on16 matters under caro is covered under ipcc syllabus for may 17 exam

CARO 2016


whether their is any reporting responsibility of auditors under caro 16 for company s failure to repay public deposit

CARO APPLICABLE OR NOT


Dear Sir Details are given below Paid up capital Less than 4 lacs Res and Sur 52 lacs No loan taken Turnover 18 Lacs Kind guide us

Caro 2016


is caro applicable on private unlimited companies

Discussion

Supplementary deed clauses

One of our client is running a charitable institution It want to register u s 12A 80G We have submitted all the relevant documents but Income tax Exemptions officer said to add Section 11 5 clause to the Trust deed My doubt is for adding the clause do we need to draft whole trust deed again or We ca

CARO 2016

whether their is any reporting responsibility of auditors under caro 16 for company s failure to repay public deposit

CARO 2016

can anyone please post a couple of case laws on CARO 2016

caro 2016

Is caro 2016 applicable to NBFC

Caro applicability

in case of private co there are three condition whether all of these or single condition is satisfy for the applicability of CARO

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File Download

  • Simplified Notes-Audit Amendments Appliccable for MAY 2017

    Simplified notes covering all amendments applicable for May 2017 exams including CARO 2016 its case studies by CA Seema Lalchandani
  • Professional Ethics and CARO

    Easy Remembering for Professional Ethics and CARO Including Amendments up to May 17
  • CA Final May 2017 Amendments (Audit and COE)

    All major amendments for May 2017 CA Final Exams in Advance Auditing and Professional Ethics are covered here with detail analysis of the Provisions Index Standard on Auditing SA 610 Revised Using the Work of Internal Auditors Standard on Assurance Engagement SAE 3420 Assurance Engagements to Report on the Compilation of Pro Forma Financial Information Included in a Prospectus Amendments Covered Companies Auditor s Report Order CARO 2016 Guidance Note on Reporting under Section 143 3 f h of Companies Act 2013 Guidance Note on Reporting of Fraud Under Section 143 12 of Companies Act 2013 Guidance Note on Internal Financial Control over Financial Reporting Recent Decisions of Ethical Standards Board Tendering Section 130 Re opening of accounts on court s or Tribunal s orders Section 131 Voluntary revision of financial statements or Board s report Bibliography
  • GST Composition Levy

    Composition Levy A presentation on necessity and clauses of draft GST Law
  • Professional Ethics

    PE clauses stick to the wall and read everyday

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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 : 4/26/2017 8:30:30 AM


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