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 year 2015-16 onwards. The said Committee has since made recommendations in the matter.
I. Applicability: It shall apply to every company including a foreign company as defined in clause (
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