The previous and the present CARO is placed side by side for easy reference. Please note that CARO will not be applicable for certain categories of Companies as stated in the order.
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Companies (Auditor's Report) Order, 2003 |
Companies (Auditor's Report) Order, 2015 |
Remarks |
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1.Paid up capital and reserves not more than Rs.50 lakhs. 2. Does not have loan outstanding exceeding Rs.25 lacs from any bank or financial institution 3. Does not have a turnover exceeding Rs.5 crores ( At any point of time during the financial year ) |
Small Company : Section 2(85) defines a small company as a company other than a public company
AND ( or has been changed to “and” vide RoD 13 Feb 2015 )
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CAclubindia
